Check Your Credit Report
Credit card companies and lenders rely on credit scores, which determine someone’s chances to borrow money — and how favorable the terms will be.
Think of checking your credit yearly is like Spring cleaning; Spring cleaning is a way to clean out mess.
Check your own score yearly by ordering reports from the three major credit scoring companies: Equifax (www.equifax.com), Experian (www.experian.com), and TransUnion (www.tuc.com).
You may have great credit scores but you never know if something is wrong on your credit that can be straighten out.
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.
Ask yourself before signing up for yet another credit card, do I really need an extra card, how much am I really going to save on a purchase for signing up for that card, what will having another credit card do to my credit score????
I work very close with lenders that would be happy to sit down with us together or you alone to discuss how to help with your credit scores.
Feel free to call me to discuss.