Financing in Rochester>Question Details

Marilyn Cola…, Both Buyer and Seller in Rochester, NY

What is best advice on repairing your credit.?

Asked by Marilyn Colangelo, Rochester, NY Fri Oct 24, 2008

I am a real estate investor and many clients ask this question and just wanted to make sure I was giving accurate and all information available.

Help the community by answering this question:

Answers

1
Here are some tips to help you raise credit score:

1. Pay everything on time! Even if it’s only the minimum payment.
2. Pull a copy of your credit reports from all three reporting bureaus. You can obtain free copies from http://www.AnnualCreditReport.com (I believe they allow you to pull a report annually for no charge).
3. Check for errors on your credit report. You can file a dispute to correct inaccuracies.
4. It’s better to have several credit cards open with low balances versus one card with a high balance. Frequently opening and closing accounts in a short time span can result in a lower score.
0 votes Thank Flag Link Fri Oct 24, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer