5 Tips To Improve Your Credit

Dated: October 5 2019

Views: 172

Monitoring your credit report and credit rating is important, especially if you’re considering purchasing a home. Here are five tips for improving your credit. It’s not about quick fixes, but responsible financial activity over time.

 1. Get a credit card: OK, this may seem counterintuitive, but let me explain. When used correctly, a credit card can be an effective tool for building credit. Charge a few budget-conscious purchases each month, and pay the balance off before your due date.

 2. Keep your balance low: This is the other side of the coin with credit cards. Try to only charge for items you could pay for out-of-pocket, and try to stick to a balance of only 10 percent of your credit limit.

 3. Food: If your kitchen is being torn apart, preparing meals becomes a lot more difficult. You may be able to keep your food budget steady by switching to meals that don’t require counter space, the stove, or the oven, but don’t be surprised if you end up dining out more often.

 4. Leave paid debts on your report: Paid off debts like car loans show that you have a history of paying your debt on time.

 5. Ask! If you’re looking to pay off a debt quickly, it can’t hurt to ask the lender to lower your interest rate. You can’t get what you don’t ask for!

Are you ready to buy your own home especially around Alaska? Call or text 907 570-6757 or 907-720-4663 so we can help.

 

Blog author image

Vanna & Co. Real Estate

Vanna has called Alaska home for the past 15 years. As a mother, real estate investor and previous business owner, Vanna brings many different perspectives when working for her clients. She has been a....

Latest Blog Posts

How to Keep Molds Out of Your Home

Mold is the last thing any homeowner wants to find in their home. It's not only unattractive and stinky, but it also poses a major health risk to you and your family. Checking gutters and

Read More

Numbers Don’t Lie – It’s Still a Great Time To Sell in Alaska

Numbers Don’t Lie – It’s Still a Great Time To Sell [INFOGRAPHIC]Some HighlightsHeading into the end of the year, you might wonder if it’s still a good time to sell your.

Read More

Knowledge Is Power When It Comes to Appraisals and Inspections in Alaska

Knowledge Is Power When It Comes to Appraisals and InspectionsBuyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s

Read More

Tips on Making A Peaceful Home

Many things in our world are beyond our control, but your home environment is one of them. There are a number of easy improvements you may do to bring some much-needed tranquility into your home.

Read More