Credit Repair and Maintenance

Mortgage and Lending with 1st Mariner Bank NMLS# 1119449



Your credit report and credit score a core factor in qualifying for a home loan.  Everyone should know what their credit score is and their credit history in detail. These are the guidelines I live by. 

First and foremost you should check your credit annually (for free) at THIS IS NOT A GIMMICK.

Dispute any transactions that you can, with all three credit bureaus (TransUnion, Equifax and Experian.) 

This can be done online through the website. 




  • Pay down credit cards so the balances are 50% or less than the maximum limit. Call the credit cards and ask for a limit increase to help meet that threshold. 
  • Maintain three active lines of credit or loans total
  • Pay everything on time within 30 days or less of the due date
  • Do not apply for credit! The more inquiries the more it negatively affects your score 




Collections/Judgments/Tax Liens: 

Work on paying these off! Get them off your credit! Call the agency and ask them to negotiate a payoff! A lot of times they will negotiate it at 50% of the balance or less to get payment. 

Late Payments: 

Dispute these with the credit bureaus! Try to get the creditor to reverse the late payment if you can! 


I realize that events are out of everyone's control and that sometimes bankruptcy is the only answer. That is OK! The key to bankrutpcies is that you re-establish credit afterwards and pay everything on time. No late payments! No collections! No way. 


Keeping your credit healthy is a chore; but worth it in the long run and can save you tens and thousands of dollars! 


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Lending / Financial
Realtors Needing the services of the Lending Powers
East Coast Processors
Mortgage Bankers
USDA Rural Development Loan Group
credit reports score collections judgments liens bankruptcy bankruptcies late payments

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Diane Marletto

FHA, VA, USDA, Conventional & 1st Time Buyer Loans
Ask me a question