What do you need to know about your credit?

Real Estate Agent with Cheryll Woods-Flowers, Mount Pleasant Home Team

Good morning from the beautiful Charleston SC area!  We have had a good bit of rain lately but the forecast is looking up for the weekend and for next week.

I recently received some very good advice for me to pass to my clients about how to improve your credit score which we all know determines not just you ability to purchase a home but sometimes changes the price you might pay for various types of insurance.  Take a look at these tips:

•Pay your bills on time, especially mortgage or rent payments. Apart from extreme circumstances like bankruptcy or tax liens, nothing has as much of an impact on your credit as a history of late payments.

•Don't max out available credit on credit card accounts.This indicates you're having problems managing your finances.

•Don't apply for too much credit in a short amount of time. Multiple requests for your credit history (not including requests you make to check your own status) can have a negative impact on your score. •Reduce the amount of debt you owe. On credit cards, keep your credit balance below 50% of the available credit amount to maintain your credit score, or below 30% of the available limit to improve your credit score.

•Periodically check your credit history for errors. If you would like a free copy of your credit report, there are a number of free resources...if you would like some additional info on those, just ask!

I hope that you have found this helpful!  If you are thinking about a home purchase or you are thinking about selling a home in the Charleston, SC area I hope that you will think of me.  I would love to chat with you...No obligation, of course!  If you have a few minutes...Please visit my website Find Charleston SC area home, school, neighborhood, recreation info


Cheryll Woods-Flowers


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  1. Trisha P Realty Group 11/04/2015 10:15 PM
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Fred Cope
Reliant Realty in Nashville, TN - Nashville, TN
Looking For Homes With A Smile

Hello Cheryl, how are you?  Knowing and understanding CREDIT is a major benefit for your clients, and the two best sources that I know are:

1. The Federal Trade Commission website, FTC.COM  and

2.The Fair Isaac Company website, MyFICO.com.  These are the folks who created credit scoring and gave us FICO scoring.


Much may also be learned from the websites of the three major Credit Repositories:


EXPERIAN.com. and



Hope this helps.

Nov 04, 2015 09:59 PM #1
Noreen Fennell
Better Homes and Gardens Rand Realty - Tuxedo, NY
Professional Service, Serious Results

Great info.

You can check your credit for free and obtain a credit report from each of the three major credit reporting agencies (TransUnion, Experian and Equifax) once a year at www.AnnualCreditReport.com. It is a good idea to check each company's profile of your credit on a yearly basis so you can check for incorrect information and have it corrected before it comes up in a credit review, such as when applying for a mortgage.






Nov 04, 2015 10:14 PM #2
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Cheryll Woods-Flowers

Mount Pleasant Home Team
Let me help you find your home in my home town!

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