DAY 2: CHECK YOUR CREDIT
If you plan to buy a house in the next year, checking your credit score is something you should consider doing now. Credit plays a huge role in qualifying for a mortgage. As a homebuyer, your credit score will positively or negatively affect your loan options, interest rates, mortgage terms, and how much house you can afford. Even if you aren't looking to purchase a home anytime soon, annually checking your credit score is a good financial habit to build. Doing so will allow you to:
1. Regularly dispute any errors to your credit bureau.
2. Build and maintain good credit by consistently assessing your current credit position.
3. Stop identity theft and credit card fraud early on.
4. Manage your finances and plan for the future.
5. Make a game plan to improve your credit and take action!
Whether or not homeownership is a goal for you in 2023, it never hurts to check and work on improving your credit score!
Posted by Paul Lamba on
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