Tips on how to keep your credit as high as possible:
Don’t apply for several credit cards in a short period of time. Looking for new credit can be seen as a higher risk and lower your score (most likely the FICO score). However, mortgage or auto loans credit inquiries in a short period of time shouldn’t affect your score
Don’t move your debt around. It is best to pay down your revolving credit instead of moving it around. Actually owing he same amount on fewer accounts may lower your score.
Don’t close unused credit cards to raise your score. Closing an account doesn’t make it go away. It still appears on your credit report and may count towards your score.
Don’t open several new credit cards you don’t need to increase available credit. This can backfire and may end up lowering your score.
Don’t quickly open lots of new accounts if you are starting out. New accounts lower your average account age, which isn’t good. Rapidly opening new accounts also looks risky for new credit users. Take it slow.
Don’t open new credit cards to have a better mix. It won’t raise your credit score and may even lower it. Open only as needed.
Author:Aneita Williams Phone: 561-425-3255 Dated: August 3rd 2016 Views: 102 About Aneita: ...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
By the way children have a major say in home buying. Almos
"Thu, May 19, 2016
Joseph Schneider went above and beyond the capacity of a realtor. He facilitated in making the process of us purchasing our first home less stressful because of his knowledge and experience. Joseph made sure that every aspect of our transaction was handled in a professional and timely manner. Whatever we asked for in our search for the perfect home, he made sure that he did his due diligence. Joseph was referred to us and we would most definitely refer him to anyone who is looking to purchase or sell a home."