Time to Check Your Credit Report
If you have been thinking of a remodel and applying for a home equity line, selling your current home, and or buying a new home make sure you are ready to obtain the BEST interest rate available. So before you begin the process make sure to do the following:
Credit card companies and lenders rely on credit scores, which determine someone’s chances to borrow money — and how favorable the terms will be.
Check your own score annually by ordering reports from the three major credit scoring companies: Equifax (www.equifax.com), Experian (www.experian.com), and TransUnion (www.tuc.com).
Notify the credit bureau of inaccuracies. Close accounts not in use. Request that late payments older than seven years be removed. Verify and update accounts and account numbers. Verify address and Social Security number.
How to Improve Your Score: Pay your bills on time. Reduce outstanding debt. Build up your savings. Don’t fall for illegal schemes that help you create a new credit identity.
I work with at least four excellent lenders if you would like to obtain their contact information, please do not hesitate to reach out to me.