There are lots of people who would like to take advantage of low interest rates to buy a home.Â The problem is that their credit scores are low and no lender will finance them.Â What to do?Â Go to one of those companies who advertise they will, FOR A FEE, solve your problem?Â DON'T DO IT! I repeat, DON'T DO IT!
Here are something you can do yourself.Â First thing; Know what is on your credit report.Â Get one FREE every year at www.AnnualCreditReport.com
.Â Â You want your report fromÂ each of the main three companies that are reported to.Â (As a side note, I usually have problems getting all three of them if I select each one on the first page.Â You probably want to select one at a time, save/print it, the go back and select the next one.) Â Go over them to make sure it is all your information and that your information is correct.Â This is a lenders picture of you and how you pay your debts.Â This information is being looked at to determine if you will be offered a loan and what type of risk you present.Â It canÂ also affect the premium you pay on auto insurance and even if you will be offered thatÂ job.
It's a given that paying your bills on time will raise your credit scores.Â Sometimes you may not have a score, then what?
Check back later and I will tell you a shortcut IÂ employed to improve my credit score.