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Stop and Think before You plan to Change Your Credit Scores!!!!!
Credit is one of THE MOST IMPORTANT ISSUES IN getting a loan today.  Time and time again, I'm called by a client who says "I PAY MY BILLS ON TIME, BUT MY PEOPLE SAY MY CREDIT STINKS....
Maybe I'll just pay off my credit cards today..... No, No, No, No Nooooooooooooo!!!!!!"  Truthfully, there is more to a credit score than just making your payments on time or paying off your credit.  In fact paying off all your credit today could be a bad move.  Needless to say, I've broken this down so that the complexities of mortgage credit scoring can be understood by the consumer.  I reference this a lot when consulting clients.  With this information you can self-analyze your situation to make sure that you monitor your scores or raise your scores to where you want or need them.  In other words, this serves as a roadmap to building a good credit report.
 Here are all 5 factors in the order of importance:  1)  Payment History has a 35% impact. Paying debt on time and in full has a positive impact, and late payments, judgments and charge-offs have a negative impact.
 2)  Outstanding Credit Balances have a 30% impact. Debt ratio of outstanding balance ... more

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