Right now it is a buyer’s market, and prospective home buyers are on the lookout for ways to up their credit for increased chances of approval. The initial step in remedying any issues on your credit report is to carefully examine disputable incidences through the major credit bureaus. A prime example is if a company claims that they did not receive payment. If you have a record illustrating your payment, then you can dispute this claim and potentially raise your credit score as a result.
- A credit score is very important to home owners because it helps them get mortgage. So, improving it is part of the plan in buying a house.
- Although a perfect credit score is 850, lenders look for a score in the range of 660 or higher before granting a loan.
- To get your credit score up, try to look for errors in your credit report and then take steps to correct them.
“While raising a credit score can’t happen overnight, it is possible to raise your credit score within one to two months.”