What is a Good Credit Score?

Raise your credit score now! This way you can save thousands of dollars on your mortgage payments. Here are some ways to do it right:

• Check credit score reports for errors: if there are any errors, which have negative impacts on your credit score, contact credit reporting agency immediately. The agency should investigate and correct any errors within thirty days.

• Pay off balances every single month: it’s just good for your future to keep yourself out of a huge amount of debt. It saves a lot of interest as well.

• Pay the bills on time: paying bills on time has the biggest affect on your credit score!

• Manage the credit card balances: it’s the best to have a credit card balance, which is less than 50% of its limit.

• Keep and cancel the right credit cards: old accounts are better off than the new ones. Keep those accounts open even if they have zero dollars in them.

• Carefully select the lenders: if you can’t pay cash it’s much better to borrow the money from a bank or a credit union.