Pump Up Your Credit Score

Though the of credit score garners varies from to , all will tell you that credit score does indeed play a role in the kind of financing you can . If you are interested in buying a home and out a mortgage to do so, score must be you spend some time thinking about and possibly investigating in to make it better. The difference between interest rate brackets can mean thousands of of savings, so just how do you go about raising that score?

Know Your Credit History
Federal law has allowed every consumer the ability to pull their own year from all three of the accredited companies in the United States that offer credit history services. In doing so, you can over your own credit history to possibly find , obstructions or other sticking points that a lending agency would see when they pull your file to investigate your viability for a loan.

Wal-Mart.com USA, LLC

All of the loans, , credit cards and other outstanding debts you’ve accrued will show up on the credit history and anything that you see is something the lender may take into account when creating your rate. You do not harm your own credit by pulling your credit each year, so don’t be afraid of harming yourself by doing homework on your own creditworthiness. 

Use Common Sense on Payments
is no better advice for raising a credit score than paying your bills on time, in , . That means paying your utility bills, credit card bills and loan payments , in full. It goes without saying that a history of missed payments will harm your credit, so don’t the to hold off on paying that $300 credit card bill for one month keeps you between raising your credit score by a few points. 


If you do carry a balance, and many people do, try to keep it out of the neighborhood of the limit for that particular card. By maxing out your cards, you are telling a lender that you have your means and be doing so again in applying for a loan. Keeping your balances under of the allowed by your card is generally advisable to show an ability to pay off your debts.

Find Your new home today!

Don’t Over-Extend
If you go in and pull your credit history each year, that will not harm your credit and is called a “soft pull” because it has no bearing on your credit score. If lenders are pulling your credit history, those are “” that does, in fact, affect your credit report. 


A large number of inquiries into your credit history can indicate that you have tried to open a lot of credit in a short period of time, something that can make lenders squeamish about lending you money. These credit inquiries are done every time you apply for a credit card, so try and keep your new credit card applications to a minimum each year. These the that so many retailers are these days. The of having an extra retailer-specific card should not outweigh your to get the best real estate loan rate possible when the time comes for a new home .

is an extremely important component of your ability to purchase anything a high price tag, especially as it relates to a real estate purchase. Maintaining the best history possible goes a long towards improving your credit score that any lender will see when pulling your file. When the time comes for you to embark upon the exciting process of buying a new home, don’t let your be an obstacle. Maintain your score and you will set yourself up for the best interest rates for any loans you pursue.  

is another original by , co-owner of Yanex Real Estate Investing, LLC at http://www.yanexhome.com/. Are you looking for an experienced Brooklyn, Queens, Long Island New York ? With a based, business experience, Ernst Georges and Partners work hard to serve home buyers and sellers for the Kings, Queens, Nassau and Suffolk Counties and surrounding areas. 

Logo design at 48hourslogo


Wal-Mart.com USA, LLC

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.