Know Your Credit

Know Your Credit

About Credit Scores

Credit scores range between 200 and 850, with scores above 620 considered desirable for obtaining a mortgage. The

following factors affect your score:

Your payment history.

Did you pay your credit card bills on time? Bankruptcy filing, liens, and collection activity also affect your history.

How much you owe and where.

If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However,

spreading debt among several accounts can help you avoid approaching the maximum on any individual credit line.

The length of your credit history.

In general, the longer an account has been open, the better.

How much new credit you have.

New credit‒whether in the form of installment plans or new credit cards‒is considered more risky, even if you pay

down the debt promptly.

The types of credit you use.

Generally, it's desirable to have more than one type of credit‒such as installment loans, credit cards, and a

mortgage


Sourced from Nations Association Of Realtors.


Cory Pangburn Headshot
Author:
Phone: 616-482-9332
Dated: June 21st 2017
Views: 882
About Cory: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Oh So Wonderful Road Construction - Hello all!   As we move
What You Need To Know About VA Loans - VA LOANS: Do You Know What You
How Good Are On Line Home Estimates - Can You Trust On Those On-Line
Painting The Exterior Of Your House - “Painting an average home

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Pangburn Properties, Inc.
28 South Maple Street, P.O. Box 8
Grant, MI
231-674-5462
231-834-9199