MyFICO.com: Learn about it. At New England Asset Realty credit score education is important. Too many consumers still don’t get it when it comes to credit scores. And what you don’t know can hurt you – especially in a tight credit market. To be considered good credit you need a 700 credit score at the minimum. However, lower scores are very popular with this economy. FHA loans are here to help the buyers these days with less than perfect scores. At New England Asset Realty we help repair your credit. At no cost. The only cost to you is what the credit report company charges. And this is done directly through the 3 largest credit companies. Trans Union – Equifax – Experian. No need to do it any other way. Go to the source.
Credit reports have bill paying history. Yes so if you did not pay sears their 25 dollars why should the lender think you will pay 1500.00 to them every month? These are critical information that project your future.
Never use all your credit line, keep it under 50% or you score will drop significantly.
Study also found that consumers could save $28 billion a year in finance charges if they improved their credit scores by 30 points. Not hard to do.
Most consumers don’t understand credit scores, it does predict your interest rate, your ability to pay, how serious you are about your mortgage.
If your credit is not taken care of then looking for a house is just a big tease. And who likes a tease? No one. A good Broker should be educated in all areas of the industry.
You are allowed 1 free credit report per year at: AnnualCreditReport.com. For more information go to MyFICO.com.
New England Asset Realty
Making dreams come true
478 Torrey Street, Brockton MA 02301
Phone: 508.941.0111 Fax: 508.941.0088
Monday –Sunday 9-5