How to Raise Your Credit Score to Buy a Home

In this episode of the "Yes, You Can Buy a Home" podcast, we discuss proven strategies to improve your credit score to buy a home. Host Keith Goeringer shares insights from years of experience and numerous courses to help you understand and boost your credit score.Key Points Covered:Introduction and Personal Story:Host shares a personal story about buying multiple courses to learn about improving credit scores.Understanding the importance of credit scores when buying a home.2. Understanding Credit Scores:Explanation of how credit scores are determined.Factors that influence your credit score: payment history, credit utilization, length of credit history, new credit, and credit mix.3. Misconceptions and Tools:Addressing common misconceptions about credit scores.Importance of monitoring your credit score.4. Using MyFICO:Recommendation to use MyFICO.com for accurate FICO scores.Benefits of MyFICO: comprehensive credit view and monitoring changes.5. Boost Accounts:Setting up boost accounts with:Experian Boost: Experian BoosteCredable Lift: eCredable LiftSelf Financial: Self FinancialHow these services can help improve your credit score by reporting on-time payments.6. Credit Rent Boost:Using CreditRentBoost.com to add rent payments to your credit report.Benefits of reporting rent payments.7. Authorized User:Becoming an authorized user on someone else’s credit card to boost your score.How this strategy works.8. Managing Revolving Credit Card Debt:Keeping credit card balances between 10% and 25% of your limit.Importance of responsible credit usage.9. Avoiding Late Payments:Making timely payments to avoid negative impacts on your credit score.Setting up reminders or automatic payments.10. Creditor Reporting:Finding out when creditors report to credit bureaus.Keeping a record of these dates to monitor changes.11. Secured Credit Cards:Setting up secured credit cards like Chime.Managing balances to build your credit score.12. Handling Collections:Strategic approach to dealing with collections.Requesting pay-for-deletion letters.13. Mortgage Credit Report:Informing your mortgage professional when your score reaches 600-640.Understanding the middle score of the three bureaus for mortgage eligibility.Resources and Links:MyFICO: MyFICOExperian Boost: Experian BoosteCredable Lift: eCredable LiftSelf Financial: Self FinancialCreditRentBoost: CreditRentBoostChime: Chime Secured Credit CardCall to Action:If you have any questions or need further assistance, feel free to reach out. Follow us on social media for more tips and updates. Have a great day!Contact Information:Email:[email protected] Media:   https://www.facebook.com/KeithEGoeringerhttps://www.youtube.com/@KeithGoeringerhttps://www.linkedin.com/company/keith-go-lending-team/https://goo.gl/maps/HALJqmWpr7as415s9https://twitter.com/keithgoeringerSchedule your free consultation- http://schedulewithkeithgo.com  Send me a message - [email protected]