We all know that credit scores are important.  Higher scores equate to lower costs and vice versa.  Paying debt on time has a positive impact.  When applying for a loan every point in your credit score makes a big difference.  Before you consider buying a home - go to your lender (or ask us for one) and find out what you qualify for.  This is the first step in owning your own home.  While negative credit items can remain on your credit report for up to 7 years (up to 10 years for a bankruptcy), it doesn't mean you have to wait 7 to 10 years to begin reestablishing good credit.  You could change bad habits now and begin to reestablish yourself as a good credit risk for a home loan or mortgage refinance in just 6 to 12 months.  You can even go to a professional credit repair company for help.  These are things as Realtors we can help you with.  Life is short, start now rebuilding your credit and one day you'll own the home you've dreamed of!