8 Ways to Improve Your Credit

Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for.

1.      Check for and correct errors in your credit report. 

2.      Pay down credit card bills. If possible, pay off the entire balance every month.                                                                                                             

3.      Don’t charge your credit cards to the maximum limit.

4.      Wait 12 months after credit difficulties to apply for a mortgage. 

5.      Don’t purchase big-ticket items for your new home.

6.      Don’t open new credit card accounts before applying for a mortgage.

7.      Shop for mortgage rates all at once.

8.      Avoid finance companies.