Credit Scores: How to get the magic number

Mortgage and Lending with Sun Pacific Mortgage and Real Estate DRE#01014873/NMLS#361315

Credit Score

How to get the magic number..

Can you remember when you wanted some “plastic” so you could purchase without the worry of paying right away? How care free and amazing it seemed until Wham!! you were hit with the bill and interest rate you couldn’t afford?  Suddenly, when you want to buy your very own first car or get approved for a loan from the bank your credit score is not so nice… so how do we prevent bad credit scores? It just makes life easier, yes? After all, preventative actions are much simpler than corrective actions the majority of the time. Trulia offers a pretty thorough checklist to ensure your credit score doesn’t slip below standards:

Check Your Credit Report

You want to do this a couple times a year just to touch bases with how well your finances look to others. Scan it carefully to ensure it’s without error and report any errors that are present.

Pay Bills on Time

I know this seems like a no-brainer, but lenders don’t like late payments! Always be sure to not wait until right before your deadline to pay your bills so you can be better prepared. I’ve often found that the times I wait and wait right up to the deadline to pay my bills is when complications occur. So stay on schedule.

Reduce Credit Card Debt

I know it’s tough sometimes when you’re window shopping to resist that purchase, but if you’re going to spend the money, stay on schedule with your payments and make an effort to never max out your card. Pay as much as you can to keep your score up.

Don’t Open/Close Accounts

While you’re trying to increase your rating don’t open any new cards and don’t close out any old accounts either. These could both effect your score negatively. And if you are new to the credit score game don’t open too many accounts rapidly otherwise you may risk taking on too much too quickly and it will have the opposite effect than desired on your score.

Use Your Old Cards

If you have any old cards that haven’t been in use for while, dust ‘em off and put ‘em back in rotation. This will improve the age of your credit history and you will look like a more dependable and reliable borrower to those looking at your scores.

If you’re having trouble with your credit I hope this short and concise list will help you improve your scores. If you have bad credit and are looking for a loan you may want to consider taking out a hard money loan rather than a conventional loan. For more information check out our webpage below and investigate this loan further.

For the full article click this link.

Lynn Tardibuono – Flipper Chick- Real Estate Agent and Co-Owner of Sun Pacific Mortgage and Real Estate.  Serving Sonoma County since 1988.  Her number is (707)523-2099 and you can also visit our redesigned website at Also be sure to like us on facebook! Click this link! 


Comments (3)

Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Good tips Lynn ! It's amazing how different things are from last decades freewheeling days !

May 02, 2012 08:00 PM
Dave Sullivan
Real Estate One - Birmingham, MI
Michigan Realtor with an investor viewpoint

Nice Job Lynn! 

May 02, 2012 10:28 PM
Lynn Tardibuono
Sun Pacific Mortgage and Real Estate - Santa Rosa, CA
Sun Pacific Mortgage and Real Estate

Thanks Michael and Dave! It's funny how you're now also remembering your elder's advice. Thanks for reading!

May 03, 2012 07:31 AM