As you sit here quietly reading this article you will realize improving your credit score is easier than you thought…
Improving your credit score may sound like an impossible task especially when you just want to take advantage of the excellent housing market.
You may feel discouraged, even give up prematurely especially if a lender has turned you down for a home loan.
Even if you do qualify for a home loan, a better credit score may help you qualify for a lower monthly payment!
So you ask, “How do I improve my credit and get the home I desire?”
That my friend is an excellent question!
Give me 5 minutes and I will show you how to improve your credit score saving thousands on a home loan in the process – Let me prove it – For FREE
Polishing your credit score is actually quite easy. The hardest part is waiting for the credit repair exercises to update on your credit report. Here are a few steps you can do right now to improve you credit score,
Step 1: Pay off your credit cards
Carrying a balance on your credit cards reflects very negatively on your credit score. The closer the balance is to the maximum balance the more it tarnishes your credit score. Pay off your credit cards starting with the most maxed out card first.
Step 2: Build a clean payment history
Choose one of your credit cards, preferably the one with the highest limit, to use for personal expenses. Diligently pay off the entire balance at the end of each month. Each on-time payment improves your payment history and reflects well on your credit score.
Steps 3: Close your extra credit cards
Your goal is to have around 3 credit cards with high credit limits and no missed payments. Pick your cards with the most recent missed payments, pay them off, and close them out until you have 3 cards left. This reduces the impact those missed payments have on your credit score.
Step 4: Check your credit report
You may be surprised to find unknown creditors; other people’s credit history; identity fraud; blatant typos; and other surprises on your credit report. Such mistakes are quite common so make sure to take advantage of your free annual credit report at, www.annualcreditreport.com and make sure your report is error free.
Step 5: Consult an expert
Credit repair services are offered everywhere. The best services are typically offered, for FREE, by lenders. Many of them will sit down with you one on one and explain how to repair your credit. I highly recommend doing this but just in case your are shy I interviewed one for you (podcast below)…
FREE Podcast with home finance and credit expert Ian Brannon
In the below discussion, Ian Brannon shares his best tips about improving credit scores. These tips apply to anybody’s credit at any credit agency, for any credit score. They work equally well for home loans, car loans, anything that requires a credit check. Plus there are tips that even you can complete in minutes with ease. You are going to love it!
Also, leave a comment on this article to let me know your favorite piece of advice from Ian Brannon. Additionally, if you have any interesting stores to share about your difficulties with home loans, tell those too.
Listen to this audio now and learn:
- A foolproof method to improve your credit score in 15 minutes
- What keeps most individuals from having good credit (not time)
- How credit score influences the loan amount you qualify for
- Smart ways to avoid over extending yourself
- The perfect time to apply for a home loan
- How to take control of your credit score for good
- And more
Want to know more about Ian Brannon?
Ian Brannon obtained a degree from Cal Poly in 2002. He went to work for a major bank as one of the top producers in Northern California. After a few years he moved back to Tucson Arizona to continue his career in home finance. He prides himself in going to work every day and helping individuals good credit, bad credit and all circumstances to qualify for their dream home. You can reach him at ian.brannon(at)novahomeloans.com or by phone at (520) 618-5636
Note: I highly encourage you to request licensing info for any loan officer you work with. Here are Ian’s Credentials – NMLS 205989 / BK 0902429 / Nova NMLS 3087
And now I pass it to you…
What was your favorite piece of advice from Ian Brannon?
I would love for you to share your opinion along with your experiences in applying for a home loan.