Jeremy Drobeck ~ (269) 488-9494 ~ Apply Now ~ Contact Us

Improving Your Score

How can you improve your credit score?

It's virtually impossible to change your score in the time between when most people decide to buy a home or refinance their mortgage and when they apply. So the short answer is, you really can't "on the spot." But there are strategies you can live with to make sure when you apply for a loan your score is as high as possible.

  1. Check for accuracy:  Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date. Order a free copy of your credit report about once a year, and dispute any inaccuracies.
  2. Pay on time: Late payments work against you. It's extremely important to pay bills on time, even if it's only the monthly payment. If you dont have any accounts reporting on your credit, get some.  If the credit agencies dont see on time payments they have nothing to score on.
  3. Keep the balance low: Don't "max out" your credit lines. Since the size of the balance on your open accounts is a factor, lower balances are better.  The magic number seems to be around 30%.  So if the limit on your credit card is $1,000 NEVER let the balance go over $300.
  4. Clear up judgments & collections: If you have any outstanding judgments they will have to be paid in full prior to closing.  Although collection may not have to be paid off it is a good idea to clear them up to ensure your score is as high as possible.

I've reviews thousands of credit report.  I would be happy to take a peak at yours and give you some personalized tips on increasing the score.