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Increase Your Credit Score!

How to get the Highest Possible Credit Score - Top 5 keys that everyone should know:

1. Understand how companies calculate your credit score. Most countries and agencies use payment history, types of credit and a ratio of debt to credit in order to calculate a credit score. If you want to get a perfect credit score, it's important to avoid collection accounts/judgments/tax leins, pay all of your creditors timely (including child support if applicable), and keeping your credit cards open with extremely low balances.2

2. Check for errors on your credit report. Mistakes happen and this could cost you your perfect score. Get a copy of your credit report and verify that the information pertaining to your accounts is correct. If you find an inaccuracy, make sure that you contact both the creditor and the credit bureau to have it removed from your account. Simply fixing inaccuracies can increase your credit score. If you find any inaccuracies, never call the credit bureau to file a dispute. Deal with the debtor directly and resolve it at the creditor level.

3. Keep your balances low. Credit bureaus look at the ratio of your available credit limits to the amount of debt you have in order to determine your score. It's best to have a high amount of available credit with a low debt. Try to use credit only for emergency expenses and pay off the balance as quickly as possible. This ensures a low debt to credit ratio. If possible, keep your debt below 25 percent of your total available credit ($10 balances yield the greatest score potential). When your debt surpasses 50 percent of your credit limit, it begins to reflect negatively on your score.

4. Make payments on time, every time. On-time payments are an important part of your credit score. A late payment will decrease your credit score and will affect it for several years.

5. Get the right mix of credit accounts. There are two types of accounts that may be listed on your credit report. It's best to have a mixture of these two. Revolving accounts, such as credit cards, have a variable monthly payment based on how much credit you use. Installment accounts, such as a mortgage, are loans for large amounts of money with a fixed payment each month.

Mortgage Contact Info

Chris Hood
Senior Loan Officer
Academy Mortgage Corporation
6411 Ivy Lane, Suite 300
Greenbelt, MD 20770
Maryland Lic. #: 141811

agent photo
Bernie Alvey
Senior Listing Agent
EXIT Landmark Realty

Direct: 301-752-7922
Office: (301)934-2022 x272

Email: bernie@alveyproperties.com

Bernie Alvey reviews
Bernie Alvey reviews

Testimonials Page

After listing my house I received a full price contract in 2 weeks - very happy! Bernie recommended a contractor for minor repairs found during the home inspection and repairs were made in a timely manner and to satisfaction of buyers. I couldn't be happier with the entire process. Settlement held in 45 days from list date and all parties were pleased and on their way. Great job! Coach Jim Donahue
Bernie is the best agent I have ever worked with. His knowledge and negotiation skills are impeccable. He was always alert, responsive and attentive for my needs. I have used him as a buyer and seller agent, he was great at both aspects. He even help me gain a a full price offer on my home, which was a profit from a home I owned for only 14 months. ***Highly Recommended*** Michael Paige
Bernie is that agent that you hear about but never seem to really find, EXCEPT I DID! He is current with technology and that is so important to finding a home, I used his website and was able to zero in on the 4 or 5 properties I wanted to see and he made the rest happen. He is also great at presenting the pros and cons of any property to help you keep your own excitement from carrying you away. His knowledge of the area was fantastic, and overall made our home buy experience, fast and even fun. Chet Rhodes
Bernie did a superb job of helping us find the right house in Dunkirk. After showing us a few properties, he knew what we were looking for and focused on that. We depended heavily on his experience and familiarity with local practices to guide us through the process. We were impressed with his knowledge of the local market. Once we found the house we wanted, he gave us good advice on negotiating a fair offer. Jack and Fran Shea
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