1. Being Disconnected

Habit to break   –   Not checking your score report

Resolution to make:  Check your bureau score report regularly to know where your score stands.  To make sure you’re prepared when it comes time to buy a home. Consider your score report the road map to all your financial behaviors: It’s important to know how your report will look to lenders and others when they see it for the first time. Use our TRUSTED LENDERS REPORT with Real Scores. Not the the fake consumer scores advertised on television.    Let us know if you would like to obtain the Real Scores.  And set up an annual 2 hour coaching session for only $50, normally $300.  To learn how to obtain a 770 plus score.

2. Overspending

Habit to break   –   Maxing out your revolving accounts

Resolution to make:  To show others you’re using credit responsibly, keep your spending under control and in accordance with the budget you’ve set. Keeping tabs on your spending now will also help you benchmark how changes to your budgeting will affect how you spend after your home purchase.  Take a look at a home budget calculator – http://creditlineiq.org/tools.php

3. Mis-Managing Balances  

Habit to break   –   Just paying your minimums

Resolution to make: Bring down the balances you’ re carrying by upping your payment amounts above the minimum — this can also save you interest over the long term. You’ll want to keep that extra money in your pocket (and hopefully earning some interest) while you look for that dream property.  On all Revolving Cards over a 2 year period – Monthly Max charge per card  30% then pay it to zero balance.  Zero balance is best for the NEW TRENDED SCORE MODEL

4. Seeking Too Much     

Habit to break   –   Applying for credit indiscriminately

Resolution to make:  Seek out and accept new financing sparingly,  so your utilization rate won’t be seen as too high when applying during your home-buying process. Lenders can be wary of applicants they feel might be trying to amass excessive resources and overspend.  Please don’t open any new accounts within 12 months prior to buying a home.

5. Getting Behind

Habit to break   –   Making late payments on your accounts

Resolution to make:   Stay on top of your accounts to keep all your payments on time, every month – it’s even more important in the months you’re considering a big purchase like a home. It may be the most basic but most important way to show you’re consistently being responsible with your credit obligations.   1 x 30 days late payment can drop a score as much as 107 points.  Please contact us if you need support with correcting bad scores that are holding you back from your dreams.

So Enjoy This Challenge!

Make it your resolution to take advantage of these months before your new home search even begins!  Kick bad habits to the curb for good.   You’ll want the peace of mind of knowing that when you discover that perfect home, your score is ready in tiptop shape!