Boost Your Credit Score

You’ve probably heard that interest rates are at an all-time low. Perhaps you think this might be a good time to buy (it is!), but maybe you’re worried your credit score isn’t high enough to secure those ultra-low rates. Here are a few tips to help boost your credit score.

Pay Your Bills
On-time and in full. FICO says that payment history accounts for 35% of your score.
Try Micropayments
Suppose you’re able to make small payments throughout the month (in addition to your usual monthly obligation). In that case, this will improve your credit utilization factor and can quickly boost your credit score.
Check For Errors
A mistake on one of your credit reports could be impacting your score. Fixing the errors can quickly improve your credit. Once you’ve identified the errors, file a dispute to get them removed. The credit bureaus have 30 days to investigate and respond.
Got a great interest rate? Ready to purchase a home? Call me! I’m prepared to help you secure your next home.

Leave a Reply