Welcome to 2012! The New Year is a great time to make a fresh start! As your Henderson, KY real estate agent, I’d like to share some information that could help everyone improve their credit score.
Good credit is a must these days, whether you are buying a home, looking for a job, or applying for insurance. A good credit score can open doors; a weak credit score can be a barrier to opportunity. Sometimes the only thing holding buyers back from the Henderson, KY real estate market is a mortgage approval.
Also, small improvements in your credit score can add up to big savings on mortgage loan interest! If you are buying a home in the Henderson, KY area, checking your credit now could save you hassles down the road. Here’s how to start:
Pull a copy of your credit history from annualcreditreport.com. This is the official website of the credit industry; beware of substitutes! You can also pull the score itself by visiting MyFico.com.
Check your credit history for any errors. Keep in mind that a debt can be sold from one company to another; read your history carefully to make sure dates and balances match up. Be on the lookout for debts that do not sound familiar; identity theft can happen to anyone.
If you find an error, file a dispute directly with the credit bureau. You will need to back up your case, so be ready to supply proof of payment or other facts that support your dispute. It can take a few weeks for a correction to be processed on your credit report.
If you are having trouble managing your debt, don’t be afraid to ask for help! The National Foundation for Credit Counseling can refer you to an approved, trustworthy credit counselor. Avoid quick-fix promises that you may find advertised on the internet; you could be snared by an expensive scam.
Having your financial house in order will help you accomplish home ownership or any other goal you may have. I would be pleased to help you become a Henderson, KY home owner! I have helped many Henderson home buyers find the best property to match their needs and budget. Contact me for the latest Henderson market information!
Wishing you all the best in 2012,
Kathy Jackson
RE/MAX Superior REALTORS
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