Protect Your Credit Score by Country Club Mortgage

Protect your Credit Score by Country Club Mortgage

These days it is very important to protect your credit score. Getting a great deal on a new home loan is easier if you have a great credit score.

Here are some very important tips to a great credit score:

Pay your Bills on Time
You should pay all of your bills on time but especially

 those that are connected to your credit like: Mortgages, 

Auto Loans, Personal Loans, Credit Cards and other revolving loans.

Guard yourself from Identity Theft

Be very careful who you give your Social Security Number to 

and make sure that they keep it safe. Shred your bank statements, 

credit card statements and any other financial documents before 

you throw them away. When you receive an email from what looks 

like your financial institution be very careful. Make sure that the 

email really is from your financial institution before you click a 

link because more often than not the email isn't really from your 

financial institution but rather from someone who is attempting to 

steal your identity or financial information.

Don't close credit accounts
Most people think that fewer credit accounts are better than more

 and that if they close their accounts that the banks should see that 

as a sign of financial responsibility. However, open credit accounts

 with or without a balance that are in good standing help your credit score.

Pay off any collections
Avoid being sent to collections at all costs, but if you can't avoid it; 

make sure that you pay those collection accounts off as quickly as possible. 

Having an open collection on your credit report can prevent you from getting a new mortgage.

Watch your credit balances
Pay down any high balances that you have. Lenders don't like to see loans 

or credit card balances that are at or near their credit limit. In some cases 

you can request that your credit card company increase your credit limit 

and it can improve your credit score slightly.

Be sure to check out the great team of Mortgage Consultants at Country Club Mortgage.