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What You Can Do to Improve Your Credit

Credit scores, along with your overall income and debt, are big factors in determining whether you'll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:
  1. Check for & Correct Any Errors in Your Credit Report. Mistakes happen, and you could be paying for someone else's poor financial management.
  2. Pay Down Credit Card Bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.
  3. Don't Charge Your Credit Cards to the Maximum Limit.
  4. Don't Order Items for Your New Home on Credit Until After the Loan is Closed. The amounts of items such as appliances or furniture will add to your debt.
  5. Don't Open New Credit Card Accounts Before Submitting a Loan Inquiry for a Mortgage.