3 Tips To Boost Your Credit Score

Dated: 08/17/2018

Views: 268

Today I have 3 simple tips for you!  

️ Write these down.  Boosting your credit score is an important topic for anyone looking to acquire a loan & purchase real estate. Hare are 3 tips you should really focus on if you are looking to buy a home in the next year. 

1. Get the Facts:  First and foremost it’s important to know what you are working with.  Your credit score is calculated from your credit report.  You will need to get your credit report from each of the main 3 bureaus for FREE at annualcreditreport.com then review it for any possible mistakes.  If you believe something is inaccurate then you can submit a dispute letter along with documentation that the report is inaccurate. 

2. Improve Payment History: This accounts for 35% of your FICO score so it’s important you stay on top of payments and they are never late.  To put it simply, this shows a lender you are reliable and creates trust so they are more willing to lend you money. If you have been less than perfect in this department, start now & jump on tip number 3.

3. Keep your amounts owed LOW- This is another important factor as it accounts for 30% of your FICO score.  Try and pay more than the minimum on your balances as this will help to boost your score over time.

You can do this! When you have a deadline and a plan of action to achieve your goals the future is exciting.  

______________________

Let’s talk Real Estate!

Kat Barker-PREB

️321-277-1999 (call or text)

KatBarker22@Gmail.com


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Kat West

Why Hire Kat West as Your Realtor® I’m a 2nd generation real estate professional. Both my parents have been in the business my entire life buying, selling and leasing real estate properties. The....

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