Credit score requirements for loans are higher than they have been in the past, so a good credit score is so important. In today’s economy most lenders are looking for credit scores of 720 or higher to secure a low mortgage rate. There are seven ways to build your credit score:
1. Request your credit reports and assess the situation. Credit bureaus (www.experian.com, www.transunion.com, www.equifax.com) are required to provide you with a free credit report every year. Nationwide consumer reporting companies get their information from different sources, the data in your report from one company may not reflect the same data in your reports from the other two companies, so request all three.
See you tomorrow with the second way to build your credit :)
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