The Dave Hanson Home Team Shows How You Will Maintain And Absolutely Improve Your Credit Score

By: The Dave Hanson Home Team
SEATTLE - Aug. 6, 2013 - PRLog -- When you are considering  the purchase of Seattle real estate and are shopping for financing to get a loan for your home there is most always confusion about credit scores.  Our intent here is to provide a measure of clarity in how you can look at your finances and determine where you are at and how you can make changes to help your credit score improve and qualify for the best rate possible.

Your credit score is based on the following:

35% is based on your payment history.

30% is based on the amount you owe.

15% is based on how long you have been using credit.

10% is based on your applications for new credit.

10% based on types of credit used.

The minimum requirements to received a score:

At least one open account for 6 months.

At least one undisputed account reported to the credit bureaus in the past 6 months.

No indication of deceased or disputes on the credit report.

How to improve your score:

Bring active past due accounts current and keep them current.

Keep accounts balances as low as possible- an absolute minimum of 25% below credit limit on credit card accounts but our experience has indicated even better outcome if accounts are held to 50% or lower.

Request correction letter for any reporting errors.

Do not close existing accounts.

Limit applications for new revolving debt - credit cards and department stores.

These suggestions will provide a great start.  If you find yourself having more questions please call now.  

The Dave Hanson Home Team serves the Seattle real estate market, and are specialists in Ballard real estate, Capitol Hill real estate, Queen Anne real estate, Wallingford real estate, Greenlake real estate, Shoreline real estate, Lynnwood real estate and all of the Seattle hometown neighborhoods. They also excel with real estate owned and short sale transactions. . Combining over 22 years of industry experience, a local’s insight and sophisticated marketing technique, If you’re looking to make a move, work with a professional who is exceeding expectations in Seattle real estate. Call the Dave Hanson Home Team today for a free consultation, 206-686-7525. www,    

Source:The Dave Hanson Home Team
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Tags:Seattle Homes, Seattle Real Estate, Seattle First-time Homebuyers, Ballard Real Estate
Industry:Mortgage, Real Estate
Location:Seattle - Washington - United States
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