Becoming an authorized user may be a way to boost your credit score as you prepare for a home loan. Read to learn more! What is an Authorized User? Any willing credit card holder may add an authorized user to their account. An authorized user has permission to make purchases on the credit card, so obviously this status would only be granted when there is a relationship of trust. An authorized user is NOT responsible for making payments on the credit card. How Could Being an A

Gift giving is a common way to show love and gratitude during the holiday season; however, maxing out your credit cards is a big no-no for those with a home loan in their future. Read to learn why! What is the Big Deal About Maxing Out Credit Cards? When you max out credit cards, it has a negative impact on your credit score due to high usage. Any time credit card usage is over 30% of the available limit, it has a greater negative impact on your score. A lower credit score of

We often hear talk of credit scores. What exactly are they, how are they calculated, and why do they matter? Read on to find out. Credit scores play a major role in whether we can get approved for a loan and what type of interest rate we will get if we are approved. Knowing what a credit score is and how it is calculated will set us up for success. What is a Credit Score? Your credit score is a three-digit number that represents your ability to pay off your debts. Lenders use

Is your low credit score holding you back from getting financed for a home? Follow these tips to bring that score up and make your dreams reality. Credit plays a key role in home financing. There are steps you can take if your low credit is keeping you from the loan approval or interest rate you desire. The sooner you start, the sooner your dreams will become reality. Your credit score helps lenders determine how likely you are to repay a loan, and it influences how much risk