| Is your credit in shambles? Do you know what you
need to do to get it back into shape? Here are some tips to follow to
get you on the right track.
-
Pay down the high interest debts. This includes car loans etc. If
you have been saving up for a down payment, use this to pay them.
The less debt you have the better so when the time comes to purchase
you may qualify for a product that requires little or no money down.
-
Pay off the credit cards or, at least lower the balances and cancel
the ones you can. It is to your advantage to have only a few cards.
Pay cash where you can and don't open any new charge accounts.
-
Do not miss any payment deadlines. If you have missed a payment due
date, this will show on your credit and will count against you when
you apply for a mortgage, so wait at least 6 months before you apply.
If you are concerned about your credit and want some direction to help
get you back on the right track, call Armada
and speak to one of our qualified professionals today. |
