A little while back, we discussed here about how you can obtain a credit report to see why your credit is what it is before you go shopping for your St. Clair dream house. Another number you will need to know is your credit score.                                                                                                   

To find out what your credit score is go to CreditKarma, where you can obtain a free credit score at any time. This way you'll be able to monitor your score to see if it's going down (Bad News) or up (Good News). A score of 720 or above is considered "good" but anything above that is even better!

If you're planning to buy a St. Clair house, the better your credit score the lower the interest rate you'll be able to get on your mortgage and the easier it will be to find a lender willing to lend to you. So before you attempt to obtain a mortgage at a great rate, find out your credit score and, if need be, improve it.

Here are some proven ways to get your credit score to a higher level:

1. Monitor your credit score so you can see where it's at.

2. Pay down your debt so your debt-to-credit ratio is low.

3. Make your payments on time, every time.

4. If you sometimes accidentally miss payments, consider setting up automatic payment reminders to help stop missed payments.

5. Use the Credit Simulator at Credit Karma to simulate certain financial transactions, such as getting a new credit card, increasing the credit limit on a card, or even missing a payment, to see how these actions will affect your credit score.

6. If you use credit cards, choose one to use for regular purchases and pay the complete balance off each month. Save your other cards for emergencies.

Good financial behavior and time are the most important factors in improving your credit score.  Then, when you're ready to buy or sell a home in the St. Clair area, give me, Scott Hickinbotham, a call at 636-629-3419 or contact me online. I'm ready to help make St. Clair a great place for you to live.