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Is your Credit Score making the grade?
If you’re thinking about buying a home, you’ll should understand the basics of your credit score.
- Know the 5 key elements of your credit score (See chart above)
- Understand that your credit score can affect your ability to quality for a mortgage. Find out how at redaynesc.com
- Request your free credit report annually to check it for accuracy. Get it at annualcreditreport.com
- Dispute any errors. Contact the credit bureau whose report has the mistake online, by phone or by mail
How to improve your credit score:
- Open new credit accounts sparingly
- Maintain a history of responsible use
- Pay down debt
- Make payments on time
- Diversify credit mix
To learn more, visit readynest.com/credit-reports
*According to FICO® model(s)
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