Life happens and it can be hard to get back on track when those challenges occur.This is Coach Rob and I have 5 quick tips to start improving your credit today!Over the past 30 years I've helped countless families navigate credit issues and get their credit back on track and ready for a home loan!
Pay down all revolving credit to 30% of your credit limit and keep your balances below that threshold. Doesn't matter the dollar amountt of the account, credit scores are based on percentages of usage limit to actual balance.
Pay off any outstanding open collections, disputing them is only effective if they are truly not yours, randomly disputing accounts can create more trouble that just paying off the collection itself. Many loan programs will ask you to remove items out of dispute to give a more accurate score.
Piggy back on a family members account as an authorized user to boost your score, make sure the account is current and below 30% as discussed above, great payment history and opened more than three years. This can help improve your score by adding positive credit to your report.
Pay your credit cards twice a month. The second payment can directly be applied to your balance to help pay down the principal faster while saving on interest charges.
Do not close old accounts, the length of your credit history helps your credit score. Reducing your average age of credit can lower your score.
If you want a more comprehensive credit game plan reach out and ask for a full free pre-approval plan today!
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