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How to Repair Your Credit before Home Buying



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By : Sonia Smith    99 or more times read

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Your credit score has many uses. It sets the rate on a car purchase, home purchase, insurance rates and getting a credit card. Thus, when you plan to buy a home, make sure to get a copy of your credit score first and correct false entries on it.

If you have a lower credit score or you want your score to increase, it is of vital importance that you fix it before buying a home. Below are steps on how to repair your credit before home buying.

  1. Ask for a copy of your credit report from the three credit bureaus. Make an assessment of your report and ensure that you have a clear mind when you address problems like erroneous data.

  2. Begin paying for your monthly dues on time if you are usually late in paying them. Make extra effort to meet deadlines, which helps greatly in improving your score, especially if you start making payments promptly.

  3. When you check out your report, examine the different loans you failed to pay. Start paying every item one by one and create a list of priority. Although you do not have to pay everything on your card, you surely have to pay a considerable portion of your loans. Prioritize outstanding debts and those with high interests and deal with them immediately.

  4. Overwhelming debts can greatly upset you, particularly if you want a home mortgage. However, you can always seek professional help by hiring a financial adviser or a credit counsellor. While this could cost you, investing on someone who has professional knowledge and experience is worth it.

  5. Report false entries and mistakes on your report right away, which could include late payments or over charges. Make it a point to follow up your request and have the credit bureaus delete these items immediately.

  6. Refrain from opening and applying for new credit cards. As much as possible, try to make all your purchases in cash for the things that you need instead of using your credit card.


Bear in mind that repairing your credit score is not something that can be done overnight. It requires a great deal of determination, effort and perseverance. If you start to get discouraged within any stage in the repair process, then you could not expect your credit to disappear like magic. Patience is required in entire process, thus make sure to do everything you can to reap the rewards of repairing bad scores and replace them with good ones.

Make sure to spend time doing the necessary steps and secure all the important requirements and documents before engaging in the process. It could help to wait for a while before buying a home until your score is repaired and you see a considerable increase to be able to enjoy lower interest rates in your loan. Bear in mind that improving your credit score is more beneficial to your home buying plans; you will get to enjoy lower interest rates and choose the right home for you.
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