When it comes to getting a Mortgage Loan in Spokane or anywhere for that matter, Credit Score is the driving Factor. There are other Factors at play but I will save them for another blog post :)

A logical person would think (at least I did) that by paying of collections and judgements that credit scores would improve... They dont! Not even a 1 point for paying of 5 different collections and 1 judgement. I do believe people should be responsible for their debts and pay them off anyway, but if your trying to improve your score quickly to qualify for a better rate it's not the way.

A quick and easy way to improve your score in as little as 2 or 3 months (Assuming your working and have some money):

1. Forget about paying collections and judgements ( you can work on that after you raise your score)
2. Take a $1000 (500 will due if that's all you have) to your bank and tell them you want a secured Credit card. They will put the money in an interest earning acount, and give you a credit card for it. Use this to buy a tank of gas here and thier and pay it off at the end of every month.
3. Get and Keep all the rest of your bills current.(especially your mortgage)

Those three steps will do it. I have seen this work without fail and have been AMAZED at the quick results. Step NUMBER 2 is the Most important. The credit buerous want to see that you have credit that you are not using. I hope this helps some one that needs it.

If you Need a home loan in Spokane Call Scott at 509-496-2593 I can also help with your credit) or apply online at Spokane Home Loans  Need a Spokane Real Estate Agent ? clickon the link :)