- 2019 Posts
- Is It Time to Refinance? Here Are The Steps You Need to Take
- Saving For Your First Home? Here’s Everything You Need to Know
- Options, Options, Options
- A Personalized Approach
- Credit Confusion
- Building Your Dream Home
- Tax Time in Wisconsin
- Don’t Let Intimidation Get in the Way of Home Ownership
- Setting Financial Goals for the New Year
- Buying a home after bankruptcy
+ 2018 Posts
- Why you should own a home rather than rent
- FHFA Conforming Loan Limits 2019
- How 2018 Market Trends Will Affect Wisconsin Buyers
- No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
- Benefits of using FHA for your home loan
- Benefits of being a homeowner
- Wisconsin local lender vs online lender
- Home Loan Pre-Approval
- No Money Down Home Loan
- Serve and Support Loans
- Debt Consolidation and Cash Out
+ 2017 Posts
- Fast and Easy Refinance
- Now is the Time to Purchase a New Home
- Low Money Down Loans
- Who Can Get a VA Loan?
- Renting or Buying
- Loan Discounts for Nurses
- USDA Home Loans
- Loan Discounts for Teachers
- FHA 203K Home Improvement Loan
- Discount for Firefighters
- Getting an FHA Loan
- Discount for Police Officers
- Rates on the Rise
- Pre-Approval and Pre-Qualification Differences
- USDA No Money Down Home Loan
- Low Credit Home Buying
- Financing your New Home
- Bankruptcy and Home Ownership
- FHA 203K Loan
- Raising Rates Impact Buyers
- Finding the Right Home
- Buying VS Renting
- Home for Neighborhood Heroes
- GSF 100% Financing
- Free Appraisal with Finance First
- Home Inspections
- Low Money-Down Loan
- VA Loans 2017
- What is Mortgage Insurance
- Tax Refund Options
- FHA Loans
- Using a Realtor
- New Year Debt
+ 2016 Posts
- New Year, New Home!
- Mortgage Pre-Approval Advantages
- Bankruptcy and Home Buying
- Credit Scores
- Home Selling Secrets
- Rates to Rise
- Ready, Set, Winter!
- VA Loans
- Holiday Dream Home
- Stop Paying Rent Today!
- No Money Down Home Loans
- Getting Pre-Approved for Your Loan
- New Home for the Holidays
- Fall Home Deals
- No Down Payment Loans
- Streamline FHA and IRRRL VA loans
- Home Buying Tip #4
- Home Buying Tip #3
- Home Buying Tip #2
- Home Buying Tips and Tricks
- HomeReady - A Home Today!
- Serious About Buying a Home?
- Can you Afford to Wait to Purchase a Home?
- If You are Renting You are Still Paying a Mortgage
- Top Reasons We Buy a Home
- A Friendly Reminder: You Do Not Need 20% Down
- Selling Your Home and Holding Out for More Money
- Why Smart Singles are Buying Homes Now
- Avoid Having Your Offer to Purchase Rejected
- Building Your Net Worth with Home Ownership
- Why You Need a Home Inspection
- Why This is the Time to Sell Your Home
- Listing Your Home with a Realtor VS For Sale by Owner
- Buyers: Using a Real Estate Agent VS For Sale by Owner
- Millennial Home Buyers
- Home Buying during a Sellers Market
- Buying Versus Renting
- Private Mortgage Insurance Good or Bad
- You Do Not Need Great Credit to Buy a Home
- Putting Your Tax Return Toward Your Future
- FHA 203K loan – purchases and refinances that include rehab money
- Have Limited Down Payment Funds - FHA may be the loan for you!
- No Money Down Loans - USDA Rural Development Loans
- Should You Buy a Home Now or Wait Until Spring
- Use your tax returns toward your home purchase and invest in your future
+ 2015 Posts
- Renting VS. Buying – The benefits of being a home owner
- Pre-Approval for New Home Purchase
- What is Mortgage Insurance - PMI
- What to know about Escrow for Taxes and Insurance with your Home Loan
- Credit Score Tips
- Refinancing and Reducing Monthly Payments
- Fall Home Buying Season
- How do I get a VA Loan
- Fall is Upon Us
Credit Score TipsDecember 02, 2015
There are some simple tried and true things you can do to improve your credit score. First, remember to be patient. Credit scores do not improve overnight, but with these few simple tips, you may find your score on the rise. Credit scores are based on hundreds of factors, but paying attention to just a few can give your score a leg up you’re looking for.
First and foremost, pay those credit cards on time, even if it's the minimum amount. Secondly, do not be tempted to run those cards up. The advice on credit card balances is to keep your balance under 30% of the credit limit. Charging large amounts and paying them off monthly can still affect your score, the same as carrying a balance larger than 30%.
Good debt is credit you have paid on time, and the longer the history on the good debt is, the better it is for your score. Closing older accounts is not recommended, as it shows you have long established credit. Do not try to have this debt removed from your credit history, it's important for your score.
Too many open credit lines with small balances on a number of cards can have a negative effect, driving your score down. Eliminate these by paying these lines down to zero and consider closing one or two of the more recent cards if you have several of these. But remember, you do not want to close too many credit lines at once, as this can also have a negative effect on your score.
Select one or two cards and use them for all your charging needs, and remember to avoid running them up past 30% of your credit limit. Be sure to keep at least 3 open trade lines, these being current car loans, home loans, student loans, and credit cards.
Check your credit - many services are available now to help you monitor your score and activity for free. The state of WI Department of Financial Institutions also allows you to pull your credit for free once a year, just to keep an eye on its health and accuracy. Check to make sure there are no inaccurate late payments, collections, or inquiries, and dispute any errors with the credit bureau.
Set up a payment reminder for your credit cards. Many card services now offer monitoring and payment reminders for your account. On time payments are the number one way to promote good credit health.
Lastly, contact our office! With years of experience in analyzing credit and helping customers reach their goals for home ownership, GSF can guide you on how to improve and maintain a strong credit score. A mortgage is an excellent way to increase your score with a great pay history for your credit report.
For a free credit report visit annualcreditreport.com, call 1-877-322-8228, or complete the Annual Credit Report Request Form and mail it to: Annual Credit Report Request Service P.O. Box 105281 Atlanta, GA 30348-528