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2015-03-19 13:17:05
What can I do to improve my credit score?

It is almost impossible to buy a home with extremely low credit.  The easiest way to start establishing credit is to go to a local bank, and open a secured credit card, where you deposit the amount of the credit limit and the bank gives you a credit card of those funds, NOW the key is to use credit SMART.

Once you have any credit card use up to 30% if you credit line is $1,000.00, Use ONLY $300.00 make the small payments a month ON TIME, never be late. 
 
Once you have one credit line, you want to go apply for 2 more, like a department store or hardware store. 
 
You need a minimum of 3 OPEN credit lines, with favorable credit payment history. 
One of the fastest way to establish credit, is to have someone you know that has had a credit card, perhaps your mom or a close relative, make sure is NOT a high credit card limit with a high balance (otherwise this will affect your income to ratio), and if they have perfect credit, and have always being on time with their payments. They can add your personal information as a user to it, and within 30 to 60 days, that credit history from that particular credit card, will attach to your social security; BEWARE if it is NOT GOOD credit, the bad credit will attach too.
Some lenders could also use alternative credit such as light power bill, water bill, cell phone bill, insurance bill, and so on.
 
Blog Archive
2017-07-14 10:45:41
Home Buying Myths Slayed!

2017-07-05 14:09:47
First time home buyer, how do I apply for FHA?

2017-06-14 15:40:15
The Impact Your Interest Rate Makes

2017-05-30 13:03:34
5% Down With No PMI?

2017-05-16 14:47:50
Do You Know the Cost of NOT Owning Your Home?

2017-05-03 09:39:31
What is Mortgage Insurance?

2017-04-26 12:59:38
Real Estate Mogul: Here’s Why You Should Buy

2017-04-21 15:06:52
Slaying Home Buying Myths

2017-04-10 14:19:27
Buying this Spring? Be Prepared for Bidding Wars

2017-03-30 10:37:12
What Are the Experts Saying about Mortgage Rates?

2017-03-21 15:41:25
4 Great Reasons to Buy This Spring!

2017-03-14 11:13:11
7 Steps to Staying Mentally Sharp After 60

2017-03-03 13:11:18
Do You Know How Much Closing Costs Will Cost You?

2017-02-24 11:13:16
Do You Know the Real Cost of Renting vs. Buying?

2017-02-16 15:27:56
First Comes Love… Then Comes Mortgage?

2017-02-09 14:26:15
Preparing Your Home for a Loved One with Alzheimer

2017-02-01 10:20:45
DIY Safety Tips for Seniors

2017-01-24 14:29:26
Is This the Year to Move Up to Your Dream Home? If

2017-01-16 14:20:50
Modifications to Make Aging-in-Place Safe

2017-01-10 13:48:59
You Need a Professional on Your Team When Buying

2017-01-03 12:32:48
Inadequate Inventory Driving Prices Up

2016-12-27 11:17:52
The Fed Raised Rates: What Does that Mean For You

2016-12-15 10:14:33
Building Your Family’s Wealth

2016-12-07 11:03:40
Buying is Now 37.7% Cheaper Than Renting in the US

2016-11-30 11:44:03
Why Are Mortgage Interest Rates Increasing?

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