Official Web Site Nan Lambert, Realtor, Horseshoe Lake, AR located 30 mins from downtown Memphis, TN
Score Credit Points
SCORE CREDIT POINTS
INFORMATION PROVIDED BY NETWORK FUNDING MORTGAGE
1. Pay your bills on time. If you
are going to be late paying something contact the company to see if they will give you an extension.
2.
Don't apply for a lot of credit at once.
3. If you are in the process of buying a house, don't pay
off old debts until closing. When you pay old collections they re-report and the late pays are then included in your
scoring; Very Often your score will go down.
4. Know what reports to your credit report.
5.
Fixing your credit is a time consuming process, so don't wait until you're ready to purchase a home to start.
6. Mortgage lenders, as a rule, do not require debts over 24 months to be paid and any medical debt to be paid
regardless of age.
7. Most mortgage companies require 3 lines of credit established for 12 months or more.
So don't close all acounts.
8. If you are in the process of wanting to buy a home don't go furniture
or car shopping; they will pull your credit and your score will go down.
9. Mortgage late pays are weighted
more heavily than consumer late pays, so pay your mortgage on time.
10. Lenders will often treat
Consumer Credit Consulting as a Bankruptcy.
11. Pay all cards down to 30% or less of available credit -don't
consolidate cards.
Nan Lambert (901) 233-7809 Coldwell Banker Heritage Homes Office (870) 739-2200
