How to Improve Your Credit Score and Save Money in the Long Run



There are many North Central, WA area homes for sale. Click here to perform a full home search in Wenatchee Valley or Leavenworth area, click here to perform a full home search in the Lake Chelan area, or if you're thinking of selling your home, click here for a free property valuation so you know what buyers will pay for your home in today's market. You may also call me at (509) 494-8100 for a FREE home buying or selling consultation to answer any of your real estate questions.
 
Hello and Happy New Year! Welcome back to our video blog! 

To get the year off on the right foot, we want to give you simple tips to help you improve your credit score. This is important because, if you're going to buy a home this year, your credit score is crucial - the better your score, the better the rate, and the better the rate, the more money you save!

In some cases, you may be able to save over $100,000 over the life of a loan simply by having a better credit score. Here's some advice on how to do just that:
  1. Pay your bills on time. Any bill you have involving credit, be sure to pay it on time or, better yet, ahead of time. Many banks have an option to automatically pay your bills so you never forget. 
  2. Keep your credit card balances low. Get your balances as low as you can if you can't pay them all the way off. It simply looks better.
  3. Try to avoid store credit cards. Charge credit cards only when you absolutely have to. If you can avoid adding new cards and new credit to your portfolio, we HIGHLY recommend it!
  4. Use your aged credit cards. An aged credit card shows you can hold credit longer. It's better to keep older accounts and use them longer than to open new ones. 
If you would like more advice on how you can improve your credit, or have real estate questions of any kind, don't hesitate to give us a call or shoot us a quick email. We would love to hear from you!

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