Top Ways to Improve Your Credit

By
Real Estate Agent with John Roberts Realty

Top Ways to Improve Your Credit

A higher credit score allows you to have lower interest rates, higher credit limits, and more buying power. Here are 4 tips to improve your credit score:

  • Review your credit report. You are entitled to one free credit report each year without impacting your credit score. Review the report closely and dispute any errors that you find.
  • Pay your bills on time. Paying your bills when they are due is one of the biggest contributors to your overall credit score, so be sure you prioritize paying them on time, every time.
  • Diversify your accounts. Having diverse lines of credit—mortgage, auto loans, and credit cards—counts towards 10% of your credit score. As long as you make on-time payments, adding another type of credit account to the mix will help your score.
  • Create a plan to pay down debt. Moving your debt around won’t improve your score. Your best plan of action is to create a realistic plan to pay down your credit card debt. 
    I love real estate there is no greater feeling than seeing your customer's happy!!!

    Please contact me if you have any questions or need any additional real estate buying or selling information I'd be happy to assist.

    Remember if you have any questions about First Time Home Buyers Programs or any Real Estate matter I'm just a phone call or email away. I'm waiting to hear from you!

 

 

Comments (6)

Roy Kelley
Retired - Gaithersburg, MD

This is good information to share.

Take care, be safe and have a productive month as we continue to spread love and kindness.

Mar 08, 2022 11:22 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Pat, having a higher credit score not only helps with a mortgage, but insurance too.  Great post.

Mar 09, 2022 06:17 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Roy, thanks I wish you the same. Thanks for stopping by enjoy your weekend.

Mar 11, 2022 01:16 PM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Joan, you are right almost everything is tied to your credit score these days. Thanks for stopping by have a great weekend.

Mar 11, 2022 01:17 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Pat, I have a couple that just got married, and he had a low score.   He paid off some derogatory issues and now has increased to where they can obtain a loan.

Mar 12, 2022 06:13 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Joan, this is awesome news! Thanks for stopping by. I hope you have a great afternoon.

Mar 17, 2022 09:42 AM