Hello Southern Lakes Members! Welcome back to Mortgage Monday with me, Shelly, your local Mortgage Loan Officer at your local lender, Southern Lakes Credit Union! Today’s topic is: Raising your credit score
There are many factors that affect your credit score. Here are some tips you can use to bring your credit score to its highest potential:
- Pay credit card balances down below 30% of their limit. For the best and highest score,keep your credit cards balances under 10% of available credit.
- Obtain a copy of your credit report. Call the credit bureaus to remove any old or inaccurate information.
- Do not apply for unnecessary new credit.
- Keep old credit cards open.
- Pay all bills on time.
Do you have additional questions regarding mortgage or credit? I invite you to call me directly at (262) 694-1600 ext. 604.