Credit Scores: How to get the magic number

By
Real Estate Agent with Sun Pacific Mortgage & Real Estate

Credit Score

How to get the magic number..

Can you remember when you wanted some “plastic” so you could purchase without the worry of paying right away? How care free and amazing it seemed until Wham!! you were hit with the bill and interest rate you couldn’t afford?  Suddenly, when you want to buy your very own first car or get approved for a loan from the bank your credit score is not so nice… so how do we prevent bad credit scores? It just makes life easier, yes? After all, preventative actions are much simpler than corrective actions the majority of the time. Trulia offers a pretty thorough checklist to ensure your credit score doesn’t slip below standards:

Check Your Credit Report

You want to do this a couple times a year just to touch bases with how well your finances look to others. Scan it carefully to ensure it’s without error and report any errors that are present.

Pay Bills on Time

I know this seems like a no-brainer, but lenders don’t like late payments! Always be sure to not wait until right before your deadline to pay your bills so you can be better prepared. I’ve often found that the times I wait and wait right up to the deadline to pay my bills is when complications occur. So stay on schedule.

Reduce Credit Card Debt

I know it’s tough sometimes when you’re window shopping to resist that purchase, but if you’re going to spend the money, stay on schedule with your payments and make an effort to never max out your card. Pay as much as you can to keep your score up.

Don’t Open/Close Accounts

While you’re trying to increase your rating don’t open any new cards and don’t close out any old accounts either. These could both effect your score negatively. And if you are new to the credit score game don’t open too many accounts rapidly otherwise you may risk taking on too much too quickly and it will have the opposite effect than desired on your score.

Use Your Old Cards

If you have any old cards that haven’t been in use for while, dust ‘em off and put ‘em back in rotation. This will improve the age of your credit history and you will look like a more dependable and reliable borrower to those looking at your scores.

If you’re having trouble with your credit I hope this short and concise list will help you improve your scores. If you have bad credit and are looking for a loan you may want to consider taking out a hard money loan rather than a conventional loan. For more information check out our webpage below and investigate this loan further.

For the full article click this link.

Lynn Tardibuono – Flipper Chick- Real Estate Agent and Co-Owner of Sun Pacific Mortgage and Real Estate.  Serving Sonoma County since 1988.  Her number is (707)523-2099 and you can also visit our redesigned website at http://www.sunpacmortgage.com Also be sure to like us on facebook! Click this link! 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Home Buying
Location:
California Sonoma County Santa Rosa
Groups:
Century 21 Active Rainers
Responsible Mortgage Lenders
Mortgages
Tech Corner
Rainmaking - Internet Marketing Strategies
Tags:
credit score

Comments 3 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
972,916
Michael J. Perry
Lancaster Relo Specialist
RE/MAX Associates of Lancaster, PA.

Good tips Lynn ! It's amazing how different things are from last decades freewheeling days !

May 03, 2012 03:00 AM
Rainer
166,544
Dave Sullivan
The Real Story on Your Credit Score - TheCreditGuy
www.TheCreditGuy.TV

Nice Job Lynn! 

May 03, 2012 05:28 AM
Rainer
69,618
Lynn Tardibuono
Sun Pacific Mortgage and Real Estate
Sun Pacific Mortgage & Real Estate

Thanks Michael and Dave! It's funny how you're now also remembering your elder's advice. Thanks for reading!

May 03, 2012 02:31 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
69,618

Lynn Tardibuono

Sun Pacific Mortgage and Real Estate
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: