Low credit scores can have a negative impact on customers applying for a home mortgage. In this month’s Rural Results video, GreenStone experts offer the tips and advice on how customers can improve their credit score.
Tips to improve or establish a credit score:
Open a major credit card account and manage it well if you have no credit history
Open a department store or gas credit account and pay the balance each month
Limit credit inquiries
Clean up any issues on your credit report like collections or late payments
Limit your debt to income ratio
Monitor your credit score
For more tips and how to develop a plan to improve your credit score, visit with a GreenStone loan officer at any of our 36 locations in Michigan and Northeast Wisconsin.