These tips can save you get a healthier score.
For some it may hard to finance their home due to having less than ideal credit. An FHA loan can be helpful in such a case since the federal government backs these loans. FHA loans can even work when someone lacks the funds for down payment or closing costs.
If you have credit cards with a balance that exceeds 50% of your credit limit, your first priority should be paying it down until it is below 50%.
You can keep your interest rates by maintaining a favorable credit score as high as possible. This will make your monthly payments easier and it will enable you to repay your debt much quicker.
Start by paying off credit cards with accounts 50% over your limit. You can concentrate on another card once these accounts are lowered to under half of your limit. If any of your balances climb past half of your available … Read the rest