Get Rid of the Monkey on Your… Oops, I Mean Your Bad Credit Score

May 15th, 2007 categories: El Dorado County Real Estate, Mortgage & Finance

Your_Credit _ScoreOne of the most frequent questions I’m asked as a loan officer is:

“Whats the best way to boost my credit score?”

Knowing that everyone’s situation and circumstances are unique, there is one thing that will shoot your credit score up every time. - PAYING DOWN DEBT.

And more specifically, paying off debts that carry balances closest to the limit. I have personally witnessed credit scores jump by 100 points by simply paying off credit cards that were almost maxed out. Those individuals with the highest credit scores are the ones with the least debt and with a habit of never missing payments.

So are you curious where your scores stand? Check out www.annualcreditreport.com to receive your free credit report. Scores will cost you between $5 and $6 for each bureau, but may be worth it in the long run.

If you have any other credit report questions, feel free to call me. Sean Carter 530-647-2036

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This entry was posted on Tuesday, May 15th, 2007 at 12:25 pm and is filed under El Dorado County Real Estate, Mortgage & Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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