ways to boost your credit score
Pay more than the minimum. Paying
the minimum just covers the interest. Paying over the minimum can help
Pay on time.
Late payments can hurt credit scores. For help, sign up for notifications
from creditors, your bank or online services.
Keep balances below 30% of
your limit. If your limit is $3,000, your credit score
can suffer if the balance hits $900. Make sure balances are below 30% of
the limit on all credit cards.
Close unused accounts, but
keep an old one. Even if you’re not using cards,
lenders worry you might. Close unused accounts, but keep an old one, and
pay it promptly. Responsible behavior over time can raise credit scores.
Come back to cash.
Use cash for gas, beverages, even groceries. Watch your credit card
Don’t open new credit
cards and don’t make big purchases. Wait until after
you close on your home.
When you need a mortgage, or you want to
refinance for a lower rate or to pay for improvements, please text, email
or call us any time…. Have a great day!
P.S.: Mortgage rates are still low,
but don’t wait to contact us about today’s excellent options.