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22 Jul



Posted by: Gurcharan Singh

Good credit is an important factor in determining whether or not you will be approved for a mortgage. It’s important to begin building a credit history as early as possible.  There are few things that may help you to boost your credit score.

1. Pay your credit card bill in full. Try your best to pay your credit card bill 2-3 days before the due date.  

2. Don’t use the full limit on your credit card. Try to limit the spending to between 60%-70% of your credit limit per month. In other words, spend $600-$700 per month from the limit of $1000.

3. Don’t apply for too many credit cards.  Too many enquires in a short period of time can reduce your credit score.

4. Don’t close your old credit card account. If you were using one credit card for 6 months and after 6 months you closed that account and started using a new credit card, then by doing this, it will show your new credit card history with a short period of time.

Please call me at any time to receive FREE Credit Review and Consultation.