How To: Survive Your Credit Check

How To: Survive Your Credit CheckHave a credit check coming up? Here’s how to survive it.

Whether you’re buying a home, applying for a new credit card, or leasing a car or apartment, you’re going to be quantified by a three-digit number. That number makes up your credit score, and it will be a large part of determining what kind of interest rate and/or approval you get.

Fortunately, there are some things you can do to prepare for your upcoming credit check and get your score in order before it. Just use this guide.

Step 1: Check It Are you worried about your credit score? If you haven’t checked it, you might not have to be! You can get a free credit report from each of the three major credit reporting organizations once a year, so get yours today. You might be pleasantly surprised with your score!

Step 2: Verify It Go over your credit report with a fine toothed comb. If you find any errors, contest them right away. Remedying errors on your report will help boost your score.

Step 3: Improve It Whether you have a stellar score or yours is less than lackluster, it’s a good idea to do what you can to bolster it before your credit check. First, automate all of your bill payments so you never pay late again. Pay off your existing debt so you’re not using more than 30 percent of your available credit. Maintain any open credit you have, since closing old lines of credit can ding your score. Also, ask your credit card provider to increase your line of credit. Over time, all of these steps will help strengthen your score.

Your credit score is an important piece of your mortgage application, but it shouldn’t be the be-all, end-all for your family. To connect with lenders in Irvine, California or Lahaina, Hawaii who will work with you to get the right mortgage product no matter your credit score, contact Avis Lending. We’re committed to helping you explore all of your options.

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