Having Great Credit is Within Your Reach

Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321

How to Increase Your Credit Score

Great credit is within reach, if you follow some timeless tips.


Always Pay Your Bills on Time

This simple act each month will build great financial habits that will pay off over the long run. Setting up automatic payments is highly recommended.

Keep Your Balances low

Credit issuers often report your balance to the credit agencies on a certain date, typically the last day of your billing cycle. Consider paying all or part of your bill before the closing date(call your credit issuers to find out the specific date) so the issuer will report a lower or zero balance. Also, ask your issuer if they accept multiple payments during the month to help you maintain a lower balance and still earn rewards.


Maintain a credit utilization ratio of less than 30 percent

Simply put, your balances make up 30 percent of the total amount of credit available to you. If you’d like to increase your credit score faster, lower your credit utilization ratio to less than 10 percent.


Tackle your debt.

Start with the highest interest rate card or loan. Once that debt is gone, pay down the balance with the next highest interest rate. Continue the process until you’ve paid off all your existing credit card or loan debt.


Avoid using your credit cards to pay for large purchases.

While credit cards make it easy and convenient to buy what you want, the compound interest can add up quickly and work against you if you don’t pay the balance off in a timely manner.


Good Financial Habits to Cultivate Now


Check Your credit report.

Once every year, you are entitled to a FREE credit report from all three credit agencies.via Annual Credit Report. Be sure to save all three reports and review thoroughly. If you notice any inaccurate information, report it immediately to your credit agency.

Set up Automatic Payments.

If you have trouble remembering when bills are due, set up automatic payments. Or, if you prefer to pay all of your monthly bills at a specific time, set up payment reminders to help you remember due dates.


If you are young or have a short credit history, avoid opening several new accounts at once. Opening multiple accounts in a short amount of time may lower your score. Also, if you’re rate shopping, lump it into a single inquiry. Several new inquiries into your credit can count against you.


It’s never too late to repair your credit. If you have to start over due to bankruptcy, be diligent about opening new accounts and continue to make your payments on time.  This will help you rebuild your good credit history.

If you are thinking about buying a home, and need to know if you are qualified to obtain a loan, contact Donna at 210-489-4557, one of my preferred lenders today. Look under the Team Members on second page for her. Once you are pre-approved, call Jerry at 210-789-4216, or visit my website to find Homes For Sale in and around San Antonio.




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Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great post Jerry. Having great credit takes a bit of know-how for those newly starting out in the borrowing world.  

Feb 08, 2019 06:39 PM #1
Dale Taylor
Re/Max 10 New Lenox Illinois - Frankfort, IL
Realtor = Chicago Illinois Homes Townhomes Condos

Years ago when I first visited your riverwalk, I took a moment to close my eyes and made a wish Chicago would fully embrace our river and make it as scenic. You know who up there was listening and now our riverwalk is something to experience. #chicagohomes

Feb 09, 2019 07:02 AM #2
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Jan Green Yes, it does. Many have to much credit debt, and it lowers their scores. 

Feb 09, 2019 07:26 AM #3
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Dale, Glad to hear that Chicago now has an amazing RiverWalk. Wishing you the BEST in 2019 in the Windy City. 

Feb 09, 2019 07:28 AM #4
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Jerry Newman

Texas REALTOR, San Antonio Military Relocation
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