Lower interest rates on loans, which will save you money in the future. Also, the information will determine whether or not you may be approved for a loan or insurance. The better your score, the lower price you pay.
How do I improve a poor credit score?
The first step is to make sure your credit report is accurate. Every year, you can pull a free credit report at http://www.annualcreditreport.com.
How long will negative items stay on my report?
Foreclosure will stay on record for 7 years and can negatively impact a score between 85-160 points. Chapter 13 bankruptcies stay on file for 7 years and Chapter 7 bankruptcies for 10 years. Both reduce your score by about 130-240 points. 30-day mortgage delinquencies reduce a credit score between 60-110 points, and the impact is higher for 60- and 90-day delinquencies.
What are some tips for maintaining a good credit score?
Set up a periodic bill-paying schedule to ensure on-time payments.
Develop a budget. Try free budgeting software online like Mint.com.
If you’re having trouble making ends meet, contact your creditors to try to modify your repayment.
At Exit Realty of the South, we are committed to providing you with up-to-date information, comprehensive resources and the highest possible level of customer service in order to meet or exceed your real estate goals and objectives. Guided by honesty and integrity as a professional standard throughout the company, we are devoted to your total satisfaction as the benchmark of our success. The recipe for our success is an extensive support team that is second-to-none and passionate real estate professionals who invest numerous hours of continuing education to remain on top of their field.
Above and beyond having the desire, knowledge and ability to manage a real estate transaction, we employ innovative tools and systems that allow us to be most effective and efficient in serving you. From our computers to web-based real estate software and many other innovative techniques, we are driven to stay at the leading edge of technology to better serve you.
Our mission is to provide the highest quality Realtor services. At Exit Realty of the South we strive to provide the most knowledgeable and savvy real estate agents in the market. Whether you are buying or selling, an Exit Realty of the South sales representative has the skills to serve you above the rest.