Your credit score is one of the most important numbers in your life. This number will determine how much money you can borrow and how much you will pay for it. It can help land that dream job, and the perfect apartment. A good credit score can open doors, while a bad credit score slams them closed.
Take the necessary actions to protect your credit. There are a number of steps you take to get your house in order.
1st Get your credit report and fix any errors. Go to Annualcreditreport.com. This is a free centralized service for consumers. Fill out the form and request a report from each of the three credit-reporting companies. In 2004, a survey discovered that 79% of all credit reports have errors. Chances are yours does too. Go through each account with a fine-tooth comb and challenge any errors in writing.
2nd, Automate all your bill payments, so you never miss a payment again. Missing payments can destroy your FICO score; a long record of on-line payments will dramatically improve it.
3rd Keep your credit card balances below their limits. Don’t “max” out your credit cards. Pay off your highest cards first. After you pay off your credit cards, leave them open even if you don’t use them.
These are just some of the things you can do to improve your credit score. One great source I want to recommend is David Bach. His website, www.finishrich.com is a treasure trove of wonderful advice that will improve your financial well-being.
Buying a home today is one the best investments you can make. Take these simple steps to improve your home buying leverage. If you think I might be able to help you with your real estate needs, call me @773.572.6512