Oct 22 2018 56210 1

Dated: October 22 2018

Views: 140




How to Improve Your Credit Score

Image title



Credit scores play a big role in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following


Check for errors in your credit report.
Thanks to an act of Congress, you can download one free credit report each year at annualcreditreport.com. If you find any errors, correct them immediately. 


Pay down credit card bills.
If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.


Don’t charge your credit cards to the max.
Pay down as much as you can every month.


Wait 12 months after credit difficulties to apply for a mortgage.
You’re penalized less severely for problems after a year.


Don’t order items for your new home on credit.
Wait until after your home loan is approved to charge appliances and furniture, as that will add to your debt. 


Don’t open new credit card accounts.
If you’re applying for a mortgage, having too much available credit can lower your score.


 Shop for mortgage rates all at once

Having too many credit applications can lower your score. However, multiple inquiries about your credit score from the same type of lender are counted as one if submitted over a short period of time. 


Avoid Finance Companies
Even if you pay off their loan on time, the interest is high and it may be considered a sign of poor credit management.

Blog author image

H.Wayne Green

H Wayne Green is a Realtor originally from Lake Wales but was born a native of Florida. He made the decision to be trained in Radiology in the US Air Force at the earlier part of his life. This he d....

Latest Blog Posts

Whats New In Garage Door Styles

Garage doors might not seem like they make much of a difference, but imagine what your home would look like if you just had a flat door where your current garage door stands. Because they take up

Read More

7 Mistakes Families Make In Handling The Estate Of A Deceased Love One

- Hello, I'm Chris Loschiavo with Home Team Epic and I Think Realty. For our video today we're gonna talk about "Seven mistakes people make when handling a deceased family members estates."

Read More

Best Materials For Refinishing Stairs

Staircases tend to capture the eye because of the way they transcend from one level to the next. If your stairs have seen better days, though, you might not like the message that your staircase is

Read More

Ready To Refinish Your Cabinets You Have Options

It’s been a long year, and it’s ok if you’re tired of staring at those kitchen cabinets you’ve frankly hated for years. 2021 is a year about promise and change, and you can start the

Read More