Ameritrain 5 May , 2022 Ameritrain

It may not seem significant to your clients, but this can have a marked impact on an application’s outcome.

Put More On Credit

It is essential for your clients to put purchases on their credit cards that they can afford to pay off consistently. Still, many people are not aware that how much debt you owe can positively contribute to their credit score. While it’s good to use up to 30% of an available debt load, a significantly higher percentage than this can signal lenders that a person is experiencing financial difficulties. By putting everyday items on credit, it will be easier to give a person’s score an instant boost. 

Clear The Credit History

Many people who think they have bad credit are too afraid even to review it. Still, it’s imperative to look at an individual’s credit history when it comes to taking control of their finances and their FICO score. Suppose there happens to be incorrect information on a credit report. In that case, this will enable them to contact the appropriate lenders and dispute the charges so they can be corrected before submitting a mortgage application. It may not seem significant to your clients, but this can have a marked impact on an application’s outcome. 

Make Minimum Payments On Time

It’s often the case that those struggling with debt may push away the bills altogether and give up on the minimum payment, but the minimum payments must be made to keep a person’s financial health in check. It may take a few months to see the results of putting down this amount before the due date, but it will improve any credit over time and forge good habits for the future. 

A person’s credit score is an essential aspect of determining their financial health for lenders. This means that personal credit history is significant when it comes to obtaining a mortgage. Instead of leaving it up to chance, ensure that your clients are making the minimum payments and that they correct any discrepancies in their credit report. 

Follow our Facebook page for more updates. Do you have questions regarding your mortgage education? Give us a call today at 877- 406-0333.

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It may not seem significant to your clients, but this can have a marked impact on an application’s outcome.

Put More On Credit

It is essential for your clients to put purchases on their credit cards that they can afford to pay off consistently. Still, many people are not aware that how much debt you owe can positively contribute to their credit score. While it’s good to use up to 30% of an available debt load, a significantly higher percentage than this can signal lenders that a person is experiencing financial difficulties. By putting everyday items on credit, it will be easier to give a person’s score an instant boost. 

Clear The Credit History

Many people who think they have bad credit are too afraid even to review it. Still, it’s imperative to look at an individual’s credit history when it comes to taking control of their finances and their FICO score. Suppose there happens to be incorrect information on a credit report. In that case, this will enable them to contact the appropriate lenders and dispute the charges so they can be corrected before submitting a mortgage application. It may not seem significant to your clients, but this can have a marked impact on an application’s outcome. 

Make Minimum Payments On Time

It’s often the case that those struggling with debt may push away the bills altogether and give up on the minimum payment, but the minimum payments must be made to keep a person’s financial health in check. It may take a few months to see the results of putting down this amount before the due date, but it will improve any credit over time and forge good habits for the future. 

A person’s credit score is an essential aspect of determining their financial health for lenders. This means that personal credit history is significant when it comes to obtaining a mortgage. Instead of leaving it up to chance, ensure that your clients are making the minimum payments and that they correct any discrepancies in their credit report. 

Follow our Facebook page for more updates. Do you have questions regarding your mortgage education? Give us a call today at 877- 406-0333.

A variety of factors are involved in getting your clients’ mortgage approved, but few things will have more impact than their FICO score and the credit history that goes along with it. Instead of leaving their score up to chance when submitting an application, here are a few ways that you can suggest to your clients so it will boost their financial wellbeing and leave their credit score better off than it was before. 

It may not seem significant to your clients, but this can have a marked impact on an application’s outcome.

Put More On Credit

It is essential for your clients to put purchases on their credit cards that they can afford to pay off consistently. Still, many people are not aware that how much debt you owe can positively contribute to their credit score. While it’s good to use up to 30% of an available debt load, a significantly higher percentage than this can signal lenders that a person is experiencing financial difficulties. By putting everyday items on credit, it will be easier to give a person’s score an instant boost. 

Clear The Credit History

Many people who think they have bad credit are too afraid even to review it. Still, it’s imperative to look at an individual’s credit history when it comes to taking control of their finances and their FICO score. Suppose there happens to be incorrect information on a credit report. In that case, this will enable them to contact the appropriate lenders and dispute the charges so they can be corrected before submitting a mortgage application. It may not seem significant to your clients, but this can have a marked impact on an application’s outcome. 

Make Minimum Payments On Time

It’s often the case that those struggling with debt may push away the bills altogether and give up on the minimum payment, but the minimum payments must be made to keep a person’s financial health in check. It may take a few months to see the results of putting down this amount before the due date, but it will improve any credit over time and forge good habits for the future. 

A person’s credit score is an essential aspect of determining their financial health for lenders. This means that personal credit history is significant when it comes to obtaining a mortgage. Instead of leaving it up to chance, ensure that your clients are making the minimum payments and that they correct any discrepancies in their credit report. 

Follow our Facebook page for more updates. Do you have questions regarding your mortgage education? Give us a call today at 877- 406-0333.