If your credit score is low because of a high balance on a credit card, transfer some of the balance to another card. Try not to open a new card because to do this can also reduce your score.

It is also important to note that a credit score is a snapshot. Although it shows your payment history, length of credit, etc., having inaccurate (negative) information removed from your credit bureau report will immediately reflect an increase in your score.

Even though negative items are only supposed to remain on your credit report for 7 years, sometimes the credit bureaus fail to update your file. In this case, a simple dispute should get the old item removed and may improve your credit score.

The best thing to do to keep an eye on your credit report is to join a credit monitoring service such as privacyguard.com they even provide a $1 trial for two months. You get all three credit reports with the scores included.

If there is incorrect information on on your credit report such as a payment that was reported late that should not have we will be able to correct the information within 3-5 days by going directly through the three major credit bureaus and get a rescore to reflect what your credit score should be.

In response to consumer outcry regarding the discrepancies in credit scores from agency to agency, the three major credit agencies have created a uniform scoring system. The new system will mean that differences in credit scores are attributed to differences in the data each agency has in a consumers file, not in the way the agency generates the score.

If you are having issues with your credit and need help fixing credit report errors, or would like to know what you can do to improve your score, then do not hesitate to contact me.

Generally, a secured line of credit is going to weigh more on your credit score than a non-secured line of credit.

Fha favors assets as well as good payment history. Your fico score is not taken into consideration. Also, the appraiser that performs the appraisal on your home must be FHA approved.

There are some lenders that will do an average score of both borrowers to qualify the loan, this eliminates the traditional primary wage earner problems.