Improve your Credit Score

Real Estate Agent with

In this day and age, credit scores are important, more than ever!


What's the fastest way to improve a credit score?


1. Keep your credit usuage LOWER than your actual credit limit. 

     What does that mean? If you have a charge card that has a $5,000 limit, try to keep your balance under $1,000, do not use the maximum of $5,000 or even go close to that. The reason this is so important, it shows a "sense of money management", able to control spending. 

2. Make payments on time.

    Just one late payment will lower your credit score and will likely remain on your credit report for years. A late payment showing on a credit report doesn't drop off after a year, like many people falsely believe. It is very important to make payments on time, do not be late. Set up payment reminders or set up automatic payments to avoid "forgetting" to make a payment. 


Remember, it's never too late to fix what's broken. Experian, Transunion and Equifax are the big 3 players that submit credit scores to what's known as a FICO Report. Lenders use this FICO report when reviewing credit and lending of money, much like a report card. Take payments made to creditors seriously, do not be late. Do not over extend debts where your credit portfolio looks to be questionable. 


Your credit report should be reviewed yearly, since the data used may have errors.  










Posted by



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Mortgage / Finance
credit scores
credit issues

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Carla, our credit scores are so important, as they use these scores for so many things now.  

Nov 17, 2018 07:52 AM #1
Post a Comment
Spam prevention
Show All Comments

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

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


Carla Harbert

RE/MAX Omega: Lorain-Medina County Area
Ask me a question
Spam prevention

Additional Information