Is there anything special I should do to help my scores before applying for a loan?
When it comes to getting a loan, timing is very important. There are a variety of things you can do to boost your scores in the months prior. And a few things you should avoid as well.
For the best credit repair results keep your credit activity to a minimum in the months before applying for your new loan. New inquiries have only a small impact on your scores, but they add up.
No New Accounts
If you do open a new account, even a little gas card, it could knock 100 points off your score. This effect may be short lived, but if you are applying for an important loan, timing is everything.
Reduce Revolving Balances
If you have the means to pay down your revolving balances, do it now. Your revolving balances can cause a major swing in your scores. The lower your balances are the higher your scores will be.
Time for Credit Repair
Examine your credit reports. Or join our credit repair program. We will find everything that can be done to clean up your credit, improve your scores, and reach your goals.