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Budgeting For Your First Home

How to Improve Your Credit Score
A credit score reflects credit payment patterns over time, with more emphasis on recent information.
  • Pay your bills on time. Delinquent payments and collections can have a major negative impact on a credit score.
  • Keep balances Low on credit cards and other “revolving credit.” High outstanding debt can affect a credit score.
  • Apply for and open new credit accounts only as needed. Don’t open accounts just to have a better credit mix. It probably won’t improve your credit score.
  • Payoff debt rather than moving it around. Also, don’t close unused cards as a short-term strategy to improve your credit score. Owing the same amount but having fewer open accounts may lower your credit score.
Seems pretty simple right, well it is not.  Life events happen for everyone, so keeping focused on these 4 tips….will help.

Check out our next post about the most important factors to the Credit Score.

Have a mortgage questions, just know we are here to help!
Your Mortgage Lady,

Sandy
You can reach our team at 480-420-7107 or sandy@thekrestanteam.com or online at www.SandyKrestan.com