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  • Alyson Spann

How to Maximize Your Credit Score -- Quick!


A stellar credit score is crucial when it comes time to garner a loan for home purchase. Here are some easy things you can do to ensure yours stays at a healthy level:

Credit cards you currently have:

Look at your credit card limit, and subtract 70% of the limit amount. Never charge greater than this amount. This will equal 30%.

If no current active credit cards in the last 6 months:

Apply for 2 secured credit cards as soon as possible. Remember, once these new cards are opened, your score will drop for for 6-12 months. But, it is better to drop your score now than wait until it is too late.

If you have open credit cards with zero balances and have not charged it for more than 6 months, charge a small amount such as 5% and immediately pay it off.

Do not close credit cards you currently have: This will dramatically lower your score.

Do not open ANY new accounts without consulting your mortgage professional first: In most cases, opening a new account will lower your score for 6-12 months.

New lates, collections, charge offs, bad debt of any type:

Will lower your score as much as 107 points, even a late payment of $5.00 can cost you your loan and credit score.


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All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. This is not intended to solicit property already listed.​

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