Tips about your credit score

A 700 score or above is ideal and will save you big time money. A difference of about $220 per month on average on a 30 year, $250k loan compared to a credit score of 600-699.

Tips to raise your credit score!

  1. Order your credit histories from the three primary credit bureaus: Experian, Equifax and Transunion
  2. See any errors? Ask for them to he removed. Foreclosure, bankruptcy, tax liens and collections actions-any of these will remain on your record for 5 to 7 years.
  3. Pay your bills on time! Late payments are killers.
  4. Don’t use your credit too much. Rule of thumb-You should not use more than 30% of your credit line, better yet, over all debt should not be more than 30% of your income.
  5. Don’t close unused credit cards, but at the same time don’t open new accounts.

Individual scores are determined by considering these factors:IMG_0877[1]

    1. 10% ————   New Credit
    2. 10% ————   Credit Mix
    3. 15% ————   Length of Credit History
    4. 30% ————   Amounts Owed
    5. 35% ————   Payment History

8 Facts about bad Credit scores

  1. It might hurt you in getting your dream job.
  2. 19 people fall victim to identity theft every minute worldwide.
  3. A low credit score adds up to $1,000’s more in interest.
  4. Bad credit means paying higher auto insurance
  5. Might even affect your ability to get a cell phone. They might require a deposit and or co-signer.
  6. Can hurt your relationships. Money management can be very attractive!
  7. Affects professional licensing.
  8. It affects in buying your home.

As you can see, money matters matter!


When you hire Recuset Realty- team Doral for your real estate needs, you not only get highly qualified professionals on your side, but also access to information, markets, technology and a team of real estate experts.

You also tap into a global network with vast experience in residential, commercial real estate, and property management.

Richard Recuset could be reached at 786-471-5228,

“Si usted no dispone del tiempo y/o no posee los conocimientos, entreguele la propiedad en manos de un Corredor calificado”

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only.


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