| You hear about credit scores all over the media. But | | | | Percent. In order to meet this target you must pay off |
| no one tells you how to get it and keep it, not without a | | | | small loans, reduce credit card balances and if not |
| price, of course. Well, here's what you need to know | | | | already done, increase your income by cosigning with |
| to get it by yourself and keep it for yourself. Outlined | | | | your spouse. If you are married, it is important to keep |
| below are the 3 key factors that will help you. These | | | | your spouse in on all decisions. You can always aim |
| three easy factors along with carefully calculated | | | | higher. |
| targets will enable you to reach 650-700 points in six | | | | Key Factor # 3. Loan-to-Value Ratio Target: Under |
| months. | | | | 80%. Meeting this requirement requires you to increase |
| Key Factor # 1. Establish a Credit Score Target. Let's | | | | down payments to 20% of value for a home or car |
| say that your target is 650. In order to reach this target | | | | and negotiate to get a reduced price with seller and |
| you must pay bills on time for six months, clear | | | | or select a less expensive home or car. If you're not |
| inaccuracies from your report, reduce your debt to | | | | looking to make a major purchase at this time, just |
| below 50% of their credit limits and avoid unnecessary | | | | following key loan factors 2&3 will bring you the |
| applications for credit. Remember, you can always aim | | | | desired results-a higher credit score. |
| higher. | | | | You are now well on your way to Restoring Your |
| Key Factor # 2. Debt-to-Income-Ratio Target: 20-30 | | | | Credit. Much success. |