David Allen Rivas Realtor
165 South Murphy Avenue Suite B
Sunnyvale CA. 94086
License # 01841683
Direct; 408 431-7202
Fax; 408 736-4444
Email; davidarivas@gmail.com
Website; www.DavidAllenRivasRealtor.com
Are you considering making a major purchase, like buying a home, this year? If so, your credit score will likely come into play. An understanding of the basics can help you effectively monitor and manage it.
Credit Score 101
Your credit score will usually range from 300 to 850. It’s derived from an algorithm that takes into account several factors, including payment history, the total debt owed and length of credit history.
Lenders use this three-digit number to predict risk and the likelihood that you’ll repay your debt on time. The higher your credit score, the less risk you are and the lower your loan terms will be. For example, a person with a “good” credit score of 700 may have a lower interest rate and smaller required down payment than someone with a “poor” credit score of 400.
How to Improve Your Score
If you don’t have much credit history or you have a few negatives on your report, consider these strategies to increase your score.
Pay all of your bills on time. Late payments can negatively impact your score.
Pay off debt where you can. The less debt you have, the lower your debt-to-income ratio.
Keep your credit card balances as low as possible, aiming to use no more than 30 percent of your available credit. And pay off as much as you can each month since higher balances can sink your score.
Review your credit report at least annually, and keep an eye out for mistakes and identity theft.
I wanted to ask a favor of you!
Could you please remember my name, David Allen Rivas, when you hear anyone say, I am thinking about buying a home, selling a home or leasing their home. I can help! I also can help with any commercial needs you may need as well. As your real estate expert, I am happy to help out with any real estate needed services you may have and am willing to pay a finders fee just for you putting my name out there!
If you could please do this for me I would be more than appreciative.
David Allen Rivas Realtor
165 South Murphy Avenue Suite B
Sunnyvale CA. 94086
License # 01841683
Direct; 408 431-7202
Fax; 408 736-4444
Email; davidarivas@gmail.com
Website; www.DavidAllenRivasRealtor.com
