In the United States citizens base their wealth on their ability to pay off their debts. Banks when offering a mortgage to a home buyer will want to know that the home buyers will pay off the money they borrow. The banks will automatically run a credit check on who wants to borrow money.
During this process the bank will research 3 different credit reporting agencies to find what the FICO scores are. List below are 10 things that will impact your credit score. The more of these 10 things you have control over the greater the chances of the bank lending you the money to buy your new home.
Everything you do with your finances has an impact on your credit score. Some things have a positive effect and others have a negative effect. Here are the top 10 things to remember for your home loan. Read more here…