You should be laser-focused on your credit score when you know you'll soon need credit. In the interim, pay your bills and use credit responsibly. Your score will reflect these smart spending behaviors.
Are you getting ready to make a big purchase, such as a home or car? At least a few months in advance, have a look at your credit score, Consumer Action's Sherry says.
While the score that you get through your bank or a service may not be the exact same one your lender uses, it will grade you on many of the same criteria and give you a good indication of how well you're managing your credit, she says. It will provide you with specific ways to improve your credit score ‚ÄĒ in the form of several codes or factors that kept your score from being higher.
If you are denied credit (or don't qualify for the lender's best rate), the lender has to show you the credit score it used, thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Another smart move is to regularly check your credit reports, says Sherry.
You're entitled to one of each of your three credit bureau reports (Equifax, Experian and TransUnion) for free every 12 months through AnnualCreditReport.com.
It's smart to stagger them, Sherry says. Send for one every four months, and you can monitor your credit for free.
Author:Marcia Loveys Phone: 602-999-6105 Dated: August 29th 2017 Views: 401 About Marcia: ...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate team that believes in delivering world class service to our clients. We will do everything possible to ensure our clients real estate goals are met. Joshua Smith Real Estate Group has been rated the 30th top Real Estate Team in America by The Wall Street Journal and the only way to achieve this type of success is by providing extraordinary service to our clients. We look forward to helping you and your family accomplish your real estate goals!