How can I clean up my credit for a home mortgage?

We have a credit tool that can tell us exactly what you need to pay down,a nd how much to increase your score. Than you would show proof of doing this with the paperwork from the creditor. You can contact me directly at fbowden@bncnationalbank.com..

Any time you have allowed a credit account to go past due more than 30 days, you are going to beat up your score pretty bad. Assuming you have no late payments reporting on your credit, then the reason you scores are not higher is the level of debt you owe to various creditors. First thing you want to remember is to avoid closing any open accounts. A big part of your score is how old your various accounts are... The older, the better. Second, you want to keep your balances as low as a percentage of the available limit as possible. Generally speaking, if a balance is above 50% of your limit, it works against you. This means that it is usually smarter to be paying down all of your accounts to give you the best chance at increasing your scores. As an example, if you have 3 accounts, each with a $5,000 limit, and you owe them all $9,000, you don't want to have one with no balance and the other two with $4,500 each. The negative impact of the two accounts being at 90% of limit more than wipes out the benefit of the one account with a zero balance. Don't transfer balances from one to the other, simply adjust how much you pay on the ones where the balance to limit is the lowest and pay as much as you can on those that are higher. And finally, minimize the use of credit cards. The best way to pay down balances is to not add to them.

Time and on-time payments will increase your score determined an amount above the minium payment you can make to reduce the debt at the same time create a savings plan. I do this for my clients often create a budget and savings plan to pinpoint when you will be in position to buy. I can be reached at ballen@accessnational.com or 888- 354-3299.

Hey I just recently bought a credit repair kit with all the templates to clean up your credit. If you give me a shot with your mortgage loan, I will gladly send it to you. Alex. 213-281-1789