Agent Blogs

Planning ahead to ensure your credit is healthy before applying for a mortgage can translate into better mortgage rates and products, which can save you significant money throughout the term of your mortgage.
Some tricks to improve your credit score...
* Keep old cards. Older credit is better credit. If you stop using older credit cards, the issuers may stop updating your accounts. As such, the cards can lose their weight in the credit formula and, therefore, may not be as valuable – even though you have had the cards for a long time. You should use these cards periodically and then pay them off.
*Don’t let mistakes build up. You should always dispute any mistakes or situations that may harm your score. If, for instance, a cell phone bill is incorrect and the company will not amend it, you can dispute this by making the credit bureau aware of the situation.
* Pay down credit cards. The number one way to increase your credit score is to pay down your credit cards. Revolving credit like credit cards seems to have a more significant impact on credit scores than car loans, lines of credit, and so on.
If you have repeatedly missed payments on your credit cards, you may not be in a situation where refinancing or quick credit repair will be possible. Depending on the severity of your situation – and the reasons behind the delinquencies, including job loss, divorce, illness, and so on – I can help you address the concerns and hopefully avoid credit score damage.
-Cory