Buy a home in Tucson Arizona- 4 ways to improve your credit score
The Homebuyer Help Blog wants you to become a homeowner in 2015, and with the recent easing of credit score requirements, combined with low interest rates. You have run out of excuses to keep renting. You owe it to yourself to become a homeowner, so here are 5 ways to improve your credit score so that you can get the keys to a new home for you, and your family.
- Find, and employ a reputable credit repair professional.
This sounds easy on paper, scams are out there, but reputable companies do exist, and they will get the job done by removing negative information from your credit file. This is not illegal! It will help you accomplish your goals of being a homeowner faster than typically possible. The Homebuyer Help blog has an established relationship with an ethical, professional credit repair company, if you are interested in getting a referral, just reach out. Credit repair will cost a little, but it will save you thousands on a home purchase in the form of a lower interest rate.
- Keep all existing accounts current
This is pretty self-explanatory, and very important. A credit score is a prediction to potential lenders of the likelihood of you paying late in the future…soooo… payment timeliness makes up a significant portion of your credit score. DO WHATEVER IT TAKES TO MAKE ON TIME PAYMENTS!
- Add accounts to your profile
If you can qualify for a traditional credit card, Great! If not, don’t worry you have options. Secured credit cards from your bank or other institutions reporting positively will help your credit score. Do not max out the new accounts. Keep usage below 30 percent. So if your credit line is $1000 dollars, keep the utilization to below $300. Another great alternative for new accounts for those with less than perfect credit are mail order catalogs such as Fingerhut.
- Take responsibility
The worst thing you can do is bury your head in the sand, and try to wait for bad credit to go away. Get it in your head, that everyone makes mistakes, and there is nothing to be ashamed of. Find a quality credit monitoring site such as Credit Check Total, so that you can see exactly what is listed on your report, and get notifications of new activity.
Conclusion
No matter what your credit score is, it should not be a reason you keep renting. Have you ever heard the saying “A year from now, you will wish you started today” You can have a great credit score no matter what your history is, you just have to start today, take responsibility, set a goal, and NEVER QUIT. If you want to get on the right track to a great credit score reach out to the Homebuyer Help Blog with a call or text at 520-338-9319, or on Facebook to find out more about credit repair.
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