Tips For Raising Your Credit Rating
Whether you are trying to secure a mortgage or auto loan or simply want to open a new credit card, your credit score will impact you. Consequently, it is important to do all you can to keep a good credit rating. If your score has dropped to fair or even poor, here are a few things you can do to get back into better territory.
- Review Your Report: Federal law mandates that you are able to secure a free credit report once a year from Equifax, Experian, and TransUnion. This means that you have no excuse for not being familiar with your credit report. Secure a copy of it today and spend some time reviewing. Catching erroneous items and having them removed can help improve your credit score.
- Reduce Your Debt: Sit down with your budget and figure out where you can re-designate money towards being more aggressive about paying off your debt. Put the most money towards your debt with the highest interest rate and you will save yourself money over time while you improve your credit score.
- Remind Yourself: One of the most detrimental things you can do for your credit score is be late on your payments. Set reminders in your calendar, phone, email, or wherever you are most likely to see them so that you will not accidentally skip a payment. Continuous on-time payment will make you a more attractive borrower down the road.
No matter your credit score, you deserve to be able to buy a home. For the guidance you need to make your home buying dreams a reality, contact Andraya Coulter. As a Northern California mortgage expert, I am here to help you get the mortgage you need to become a homeowner this year. Call me today!