“My wife and I want to buy a home in Clairemont or TierraSanta in the next year or two, but my credit score is below 600. Do you know how to increase it?”
Answer:
I’m not a credit expert, but “Mr. Credit” Derrick Evens recently stated his Top 3 Credit Tips. This is from a email he sent me:
1. Secured Cards are HUGE. Everybody should have at least one. Smart people will have 3 and Credit-Freaks like me will have dozens as “Credit Insurance”.
2. Auto Loans are great for a Credit Score. If your score is low and you don’t have an auto loan, get a small one and watch your score RISE. This can be critical if you want to buy a San Diego home.
3. Never pay a Collection that’s already on your credit report and expect your credit score to go higher. It won’t. In fact, it will probably go MUCH lower.
For more information on good credit advice go to www.MyFico.com
San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.
To find out how much your home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com
The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.
