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Gregory Withers' Blog

By Gregory Withers | Both Buyer and Seller in Plymouth Meeting, PA

Checking your Credit Report

Months before you start the process of getting Plymouth Meeting real estate properties and start checking out Plymouth Meeting homes for sale, it is best that you check your credit report first. This is important because lending companies will greatly consider your credit history when you apply for a home loan. You can get an free credit report once a year from the major credit reporting companies in the country such as TransUnion, Equifax and Experian.

    Once you get the report, check if all the sets of information stated are updated and correct. If you see flaws, you can write a formal dispute letter to the credit-reporting agency and they should be able to reply to you within thirty days. You can include supporting documents to make it easier for the agencies to emend your report.

    If you have a low credit score, which is the numerical representation of your credit worthiness, make sure that you take measure to improve it. Basically, you will know if you will get a low score if you do not pay your bills on time. Before you start the investing process, try to change your credit payment behavior to help you get good points for your credit score. Start paying your bills on time and regularly. A higher credit score would mean that you could also have a very high chance of getting a loan approval from the lending company.

    Once you are confident that you have a good credit history and that you can have a pre-approval for your loan, you can already start the house hunting process.

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