Homeownership Guidance, Advice and Blogs

As the Director of Affiliate Relations at HomeFree-USA, I’ve always been fascinated with how people handle their money. Like everyone else, I’ve had my financial ups and downs. In fact, it took me 32 months to pay off $32,000 in credit card bills and build up a six-month emergency fund. While that was a very difficult period, I am grateful – and wiser -- for the experience.

Through my personal experiences and working at HomeFree-USA, I’ve gained a ton of insight that I feel compelled to share. You’ll find those lessons here. Feel free to take the thoughts and ideas that resonate with you most and put aside the rest for later. I look forward to sharing my journey.

I need to increase my credit score by 100 points in the next 30 days

How can I do it?

This is a real question people often ask when they know they're about to finance a car, apply for a mortgage or submit a rental application. Depending on who they speak to, they may be told there's an easy answer. Sadly, the same person who told them there was a simple "trick," also likely charges hundreds of dollars to make "magic happen."

In truth, there's no quick fix to repairing your credit. It's a deliberate process which can only occur over time (a few months at the very least). Fortunately, there are proven tactics that will yield the results you want. Here are a few:

  1. Pay Your Bills On Time. Every Month. No Exceptions. This is the single most important element of maintaining a high credit score. Every time you're late on a bill, it drops your credit score. The more consistency you show in timely repayments, the faster your score will improve.
  2. Decrease your debt load. Already have student loan debt? Opening a credit card will initially lower your score as it shows lenders that you're potentially adding on debt.
  3. Pay down your student loans, pay off your credit cards. Do not carry credit card balances over into the next month, pay them off in full every month.

This is just the tip of the iceberg. If you're serious about increasing your credit score permanently, without making any more money or decreasing your quality of life, contact HomeFree-USA today to learn about our #Money4Life program. Our Homeownership Advisors will guide you every step of the way through understanding your credit, disputing errors, learning what kills your score the most and what's not as big of a deal as you may think (example: you can have a great credit score and still have debt).

The most successful people have advisors, and credit is too nuanced and too important to leave to chance.

And so it is.