6 Ways to Boost Your Credit Score

Pay more than the minimum. Paying the minimum just covers the interest. Paying over the minimum can help credit scores.

Pay on time. Late payments can hurt credit scores. For help, sign up for notifications from creditors, your bank or online services.

Keep balances below 30% of your limit. If your limit is $3,000, your credit score can suffer if the balance hits $900. Make sure balances are below 30% of the limit on all credit cards.

Close unused accounts, but keep an old one. Even if you’re not using cards, lenders worry you might. Close unused accounts, but keep an old one, and pay it promptly. Responsible behavior over time can raise credit scores.

Come back to cash. Use cash for gas, beverages, even groceries. Watch your credit card statements shrink.

Don’t open new credit cards and don’t make big purchases. Wait until after you close on your home.

When you need a mortgage, or you want to refinance for a lower rate or to pay for improvements, please text, email or call us any time!

Material in this article from: Inside Lending Market Snapshot

The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in this message is the property of Citywide Home Loans and cannot be reproduced for any use without prior written consent. Citywide CO NMLS #67180. Regulated by the Division of Real Estate.

The Jim Passi Team at Citywide Home Loans proudly serves Illinois, Wisconsin, Michigan, Indiana, Georgia and Flordia. If you are looking to buy a home or refinance, we have you covered. Apply Now to get started.
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Jim Passi - Citiwide Home Loans

Jim Passi
Regional Manager
NMLS# 158000

1300 East Woodfield Road, Suite 302
Schaumburg, IL 60173
Mobile: 847-899-1813
Office: 847-273-3265

I’m not even sure where

I’m not even sure where to begin, so I will start with fantastic!! Jim was VERY open about the process. I had some “difficulties” during the whole process and Jim seemed to handle them seemlessly. We were in contact several times a week throughout everything. He made me feel like I was his only client. Once we found a house, Jim worked quickly and efficiently.. When I refinance my house, there is no one I would rather work with, it’s a no brainer on who I am going to use. With other home purchases, I have never had anyone from the finance company show up at the closing, but Jim did!!! He took a bad situation and walked me through everything from beginning to end!! I will never use anyone else, Jim is true to his word!!

Brian H