Steps To Boost Your Credit Score

Dated: 11/28/2018

Views: 130

There aren't shortcuts to improving your credit score.  You'll need to make sound financial decisions for at least several months to offset previous damage you've done to your credit record.

But that doesn't mean it can't be done.  Here are four steps to improve your score and increases the chances you'll qualify for a favorable mortgage loan.


Verify that the items listed on your report--especially the negative ones--are correct.  If there are mistakes, correcting them is an easy way to help your score.  You can order free copies of your credit report at


Past-due balances are very damaging to your score.  Pay off the debt or at least negotiate a plan to get those accounts current.  Once current, those accounts will stop adding negative information to your credit report and can generate positive credit score movement.


Carrying a $2,000 balance on a VISA card with a $3,000 limit isn't going to help your credit profile.  Try to pay down those balances, if possible, to less than 50% of your available credit.  Another option is to ask for a higher limit.  If VISA raises the limit on that card to $6,000, your balance looks better--as long as you resist the urge to add to the balance on that card.


This one is counterintuitive, but closing a credit card account lowers your available credit.  Keep that card active and set it up to autopay one or two small, recurring bills, such as your NETFLIX membership.

When you're ready to start looking for a home, reach out to me.  I will help you understand the many aspects of the homebuying process.

Blog author image

Nancy Douglas

As a Realtor® & Certified New Construction Specialist, I assist consumers in the buying, selling, or leasing of properties in the Greater Austin area. ....

Latest Blog Posts

Is it time for new windows?

Whether you just bought your home or you’ve owned it a while, it can be easy to overlook the windows that open it up to the world, as if they didn’t even exist. Even if you don’t,

Read More

Advantages of Selling a Home This Winter

Home sellers and real estate agents often fear the winter months because it seems like a poor time to list. The truth is that winter can be a great time to list your home for sale. Less Inventory

Read More

Investing: Rent or Flip?

 Investment Rent or Flip There are a wide variety of ways to invest in real estate; one can make money in any of these options, one can also lose their money. To be successful in real

Read More

The Counter Offer – Negotiation Strategies for Sellers

 The Counter Offer – Negotiation Strategies for Sellers Getting an offer on your home is very exciting. Then you open the offer and realize it’s not what you were expecting and

Read More