Maintain your old Siemens Hipath system

Good Credit -- Essential for the Prospective Home Buyer

Credit is a funny thing. It can be a useful tool in the hands of an informed individual, or a weight of burden to the unsuspecting. One thing is for certain, you must have a decent credit score to attain a quality mortgage loan.

We speak to hundreds of individuals each month that are in the market to buy property. Unfortunately, many of them have less than desirable credit scores, and because of this, are not able to get prequalified for a loan.

There are numerous reasons for bad credit scores: bankruptcies, late payments, large credit balances, and a host of others. There are many legitimate reasons a person may have bad credit, but frankly, most of the people we talk to have simply made poor financial decisions.

In most cases, bad credit can be easily avoided:

1. On revolving credit card balances, make sure you pay your minimum balance each month. You will even receive a slight credit boost if you pay over your minimum amount, so do it if you can.

2. Avoid "maxing" out credit card accounts. Credit cards are good to have to build your credit, but make sure you keep your spending under control. Preferably, you should be able to pay off any CC balances completely in the same month you spent the money.

3. If you need to make any big purchases, avoid the temptation to place the entire purchase on your credit card. Instead, put money aside each month until you have enough for the purchase. Remember, just because you have a big spending limit on your cards, doesn't make it your money! You have to pay every penny back plus interest!

4. Try to think of a credit card as a tool for building credit as opposed to a tool for buying the things you want. You spend a small amount each month, and pay it off immediately. This will spike your credit score, and keep you out of CC debt.

5. Make sure to pull your credit rating at least twice a year. This will give you a good feel for what your score is, and most credit score reporting services will give you a detailed explanation for why your score is where it is. If you find any errors, make sure you report and resolve them immediately. It can be long and gruesome work to get a negative mark removed from your credit record, but it can be well worth it when it comes time to buy a house.

I hope some of these tips will be helpful for you as you try to be a good steward of your finances.

You may also want to check out these free resources:

www.FamilyCredit.org
www.DebtFreeChristian.org

Justin Smith is the President of the Christian Real Estate Network - http://www.HisMove.com

In The News:

Hong Kong set for more protests despite extradition bill suspension
Sun, 16 Jun 2019 03:33:00 +0100
Hong Kong is preparing for more huge protests today over the controversial and unpopular extradition bill that has come under heavy criticism.

Appeasement in Hong Kong fails as divisions deepen
Sat, 15 Jun 2019 17:53:00 +0100
On a bridge by Hong Kong's government headquarters, messages to the authorities plaster the walls.

Let's hope the UK has a strategy to protect its tech from espionage and rivalry
Sun, 16 Jun 2019 05:37:00 +0100


Priests wear hard hats at first Notre Dame mass since fire
Sat, 15 Jun 2019 18:43:00 +0100
Notre Dame in Paris held its first Mass since the fire which caused enormous damage to the cathedral's roof and destroyed its spire.

India face Pakistan in 'mother of all matches' at Cricket World Cup
Sat, 15 Jun 2019 16:22:00 +0100
Billions of eyes will be fixed on one of the biggest sporting fixtures in the world as neighbouring countries and arch rivals, India and Pakistan, go head to head in what is expected to be a thrilling Cricket World Cup showdown in Manchester on Sunday. 



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

How To Get a Low Interest Credit Card

Consumers often have the first credit card that they ever... Read More

Opting For A Credit Card? Check Out Certain Terms

You've just received a "pre-approved" credit card offer in your... Read More

10 Step Credit Repair Guide

The process of clearing credit can be laborious and frustrating,... Read More

Why Does Your Credit Card Rate Keep Going Up?

Have your read your credit card contract through completely? Do... Read More

The Things That UK Lenders Like to See on Your Credit File, (and? What They Don?t Like to See!)

Lenders are quite fussy about what they like to see... Read More

Is Your Credit Score Being Held Against You?

Credit Scores That HurtIs your credit score being held against... Read More

Getting Your Credit Report and Understanding Whats On It

If you intend to apply for a loan, you need... Read More

Automobile Credit Report

When applying for a loan to purchase a car, the... Read More

Five Credit Card Billing Problems and How to Fix Them

It goes without saying that your first and best defense... Read More

Credit Cards - The Basics

How Lenders Operate ? And How They'll Make a Tidy... Read More

Good Credit is King, When Qualifying for Mortgage Programs

If you want to purchase a new home or refinance... Read More

Credit Repair Companies and Credit Counseling

Let's be crystal clear, right up front. Paying someone to... Read More

Trade Credit: How to Determine if You Should Offer Net-30 Terms to Your Customers

What is trade credit?One of the major differences between consumer... Read More

How to Avoid Credit Card Late Fees

Everyone hates late fees and being late will cost you... Read More

ChexSystems: Alternative Options for People Whove Been Checking Accounts

Individual banks elect to become members of ChexSystems, and to... Read More

Preventing Credit Card Mess

Credit card debts problem is extremely common today. It is... Read More

When You Are Eligible For A Free Credit Report

By Federal law, you are entitled to one free credit... Read More

Building Your Credit History

Today, credit is an indispensable part of our lives. In... Read More

Tips for Choosing a Credit Card Company

Credit Cards are essential for any consumer today. However, when... Read More

Check Your Credit Before Shopping For That Home Loan

Review Your Credit Score.Nearly every bank, credit union, and mortgage... Read More

Fixing A Credit Report

Fixing a credit report starts with seeing what's on it.... Read More

Tips For Getting Your First Credit Card

Most of us get a credit card on our name... Read More

What is the Check 21 Act?

Check 21 is the common name for the Check Clearing... Read More

Tips for Credit Card Surfers

Moving money from credit card to credit card to take... Read More

Your Consumer Rights

If you have ever fallen behind on your debts you... Read More