Thursday, June 24, 2010

Tips for Increasing Your Credit Score

When purchasing a home, your credit score is very import when obtaining a loan.

Your credit score will determine if you get approved for a loan and what interest rate you will get.

There are a few things you can do to help improve your credit score. This includes:

1) Pay your bills on time

2) Keep your balance due as low as possible

1) Be cautious in opening new credit sources

2) Pull your credit report and review it to see if there are any items on the report that are erroneous.

3) Look on this report for any mistakes or debts that you have paid off that are still on the report.

4) Pay down any high balances on your credit cards.

5) Be cautious in closing inactive accounts. If you do close accounts, leave the oldest ones open versus a newer account.

To find out your credit score, call David Ruch today!

If you are upside down in your home, David Ruch will help sell your home, even if you owe more than your home is worth.

If you could like to talk to an agent, call David Ruch at (303) 840-9252.

To search our database of over 30,000 homes without a realtor, go to our website today http://www.real-estate-denver-colorado.com/.

1 comments:

  1. The new United States bankruptcy laws will require debtors to enter a credits counseling program before actually entering bankruptcy. In theory, credit counseling can be a great service when executed correctly by all parties involved. That is, the counselors actually provide an educational service and the consumer actually learns and implements what they’re told. This can pave the way to a secure, debt-free future.
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