Tips to Improve Your Credit Score


If you’re in the market to buy a home, having a good credit score can make a big difference in getting the home you want and the amount of interest you will pay on your mortgage loan. Now is the time to take steps to make sure your credit score is the best it can be.


Use these six tips to improve on your score:

  1.  Pay your bills on time.
  2.  Keep credit balances low; aim to use no more than 50% of your available credit.
  3.  Pay down the balances of your credit cards.
  4.  Don't apply for more credit.
  5.  Never co-sign for any financial account with a friend or relative.
  6.  Regularly review your credit report for errors at AnnualCreditReport.com ↗.

Give yourself six months to a year to improve your score before you start the homebuying process. Every step you take helps.


Getting Help

Remember, it’s not necessary to pay someone to help “repair” your credit. You have all the tools to do it yourself. If you’d like help, you can find free assistance from a HUD certified housing counselor.

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