April 9th, 2015 1:20 PM by Steven Hofberg
Quick Credit Guide
Are you thinking about
buying a home? Use this guide to boost your credit score!
Get one or two credit cards
to grow your credit history
Debit cards do not
count towards your score
Use the card/s each month
Pay them off each month
Pay on time
If you cannot get a credit
card, get a secured card by putting money “down” on a bank card
Increase the credit limit on
Keep track of your debt-to-credit
limit ratio. You should aim for a ratio of 30%, but the lower the better.
Don’t close old, paid-off
debt – it looks good on your record (like getting A’s in high school)
Pay off disputes and then
fight them (cable companies, medical bills, etc.)
Limit inquiries on your
Monitor your credit – www.annualcreditreport.com
can give you all three bureaus once a year (checking one bureau every 4 months
will give you an idea of how your credit score is doing).