Two Tips To Improve Your Credit Score Fast
A couple of ways to get your credit score up and qualify for a better rate.
If you need to improve your credit score to qualify for the best possible interest rate when buying a home, here are two great tips to help you get there:
1. Pay down your credit balances. You don’t necessarily have to pay it all off, but you want to get that balance at least below 50% of your limit and ideally below 30%. You could also increase your limit. In tandem with paying down your balances, increasing your limit will help you get below that 50% or 30% threshold.
2. Set up automatic payments. The last thing you want to do is miss a payment because you forgot to make it. It will hit your credit score hard and take time to recover. Setting up auto payments is free and easy, and it will help you get that score up over time.
If you have questions about improving your credit or anything else related to real estate, don’t hesitate to reach out via phone or email. We would love to hear from you soon.