Bad Credit WILL Cost You Thousands!

That's right!

Bad Credit WILL cost You Thousands!  And Good Credit has many Rewards!

Here’s how you can Boost your Score…

~but first…

What is a credit score? It is a 3-Digit # between 300 and 850. It’s called a FICO Score. After its creator, the Fair Isaac Corp. Lenders use your score to determine your interest rates.

The lower your score the higher the cost to you. A score above 700, will help you to get the best rates. Lenders also use this score in their determination of whether you are a candidate to have the amount of credit raised on your revolving Credit Accounts, and also how they will treat a late payment...It is a BIG deal!

Contrary to popular belief-Your Age or Income Level has nothing to do with your FICO Score.

So-if you want to save yourself some serious money-then boost your score, it’s easier than you think! And can save you thousands, on your car loan and home loan. Did you know, that improving your credit score, can also save you on Insurance Premiums too!

CreditKarma.com is great, for a start.  I have used CreditKarma.com for a few years now-another Tool worthy of your time to check out is another platform, called Walletthub.  While I have not personally used them, I have checked them out and they seem to be a reputable source of information and offer many of the same services, if not all of the same-as Credit Karma.com does.    Check them out at:  https://www.wallethub.com  

I recommend you create an account there to get you started on proper and regular upkeep of Your Credit Record.  You can get a Free report once a year, from each agency, Experian, Equifax and TransUnion.  TO do so, go to www.annualcreditreport.com or call 1-877-322-8228 or write to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, Georgia, 30348-5281. Here, you will have a chance to correct any errors.

Should there be any negative information in your report-it is best to start with the creditor to try and have them remove it. Will be much faster than filing a dispute thru the Bureaus. A creditor may just decide to remove a late payment on an otherwise, pristine record.

Now-Here’s how to Boost Your Score~

*Pay your bills on time! Payment History is the most important of all on your report!

*Keep the debt to credit limit % below 30%

*Be Proactive about your rating and report-check it regularly and have inaccurate, derogatory credit    removed right away…a recent survey reported that 80% of all credit reports, contain mistakes!

* Limit Credit Applications-Don’t open too many Accounts. Just because the balance is 0/Zero-the amount of outstanding credit will hurt you.

*Build a Track Record-With no credit history you have no credit score. You can do that-by “purchasing” a secured Credit card that you actually put the money out for-but creditors count it as a revolving credit account-You will be quite surprised how quickly other creditors will soon be sending you their applications.

BE CAREFUL! You don’t need them all!  Just because you qualify for a/another credit card, don't fall into their trap-Having too much credit also counts against you.  Don't think like many do, that it is ok because Your balance is zero-

too many open accounts, not a good thing.

Stay tuned for more great information-You can use, right now! Or call me today, if you have any questions…as Your Real Estate Counselor & Broker-I am able to help with the entire process-even the parts that are necessary-BEFORE you buy a home.

We will work with you months before you buy-if necessary-in order to assure you the best interest rate possible! If I don’t have the answer-I know who does!

For a referral to a Credit Counselor-message me here, or phone/text Cell 916-616-0874 or my personal email address- wendimae@wendimae.com

Looking to be Pre-Approved? I Have the best “Tried & True” Service Providers-I’d be happy to share!

Please also check out my personal website for more!  www.wendimae.com 

Just one more way I add Value to Your Home Buying and Home Selling experience!