If you’re trying to buy a house, an extremely important part is having a good credit score. If you don’t pay your bills on time, are up to your ears in debt, and don’t follow through on your financial commitments, no lender is going to want to back you. However, even if you do have bad credit, not all is lost. There are plenty of programs out there designed to help out buyers with financial woes, as well as government housing options. Of course, getting your credit score fixed is way more preferable. For tips on how to get a great credit score, read this post by Anita at Live Like You Are Rich:
-Bad/negative reports on your score are typically there for 7 years (bankruptcies can be on there for 10 years).
-You can improve your credit score by keeping accounts and credit cards open and paid off for a long time. The longer you have a good standing account the better
-Applying for lots of credit (credit cards, different types of loans, etc.) within a few months of time can drop your score.
-Pay all bills on time