Ways to Boost Your Credit Score

Boosting your credit score is one of the most important things that you can do when purchasing a house. With a low credit score, you’ll end up facing harsh interest rates or even worse, getting your application denied. By increasing your credit score, you’ll save thousands of dollars during the tenure of your mortgage. Here are some ways that you can boost your score.

If buying a home is in the near future and you have a low credit score, you might have to delay it a little further. By doing so, you’ll give yourself the chance to recover from all of the debt, late payments, and other issues that you’ve had in the past.

One way that you can keep yourself on track is by setting “bill pay reminders”. Not only will it remind you to make sure that you pay on time, but you’ll become more organized and eventually make it habitual to pay on time.

If you have any small debts, you should settle them immediately – provided you have the capital to. If you have a choice to pay your debt either monthly or in full, always pay it off in full. You won’t want it to linger around for months to come, therefore continuing to hurt your credit score.

Don’t cancel your credit cards. While you may believe that you won’t need them, the long credit history that you have on those cards is valuable – they make up a good percent of how credit scores are analyzed.

Bio: Realty ONE Group was founded by Kuba Jewgieniew, the current CEO and founder. Kuba Jewgieniew’s vision with Realty ONE Group has been to create a culture that empowers employees to provide ethical, professional and results-oriented real estate services to property owners and prospective buyers.