• Credit Health Tips

    The Lending Partners team are expert credit advisors and can review your credit with you and let you know exactly what you need to do to qualify for a home loan. Here are some guidelines to follow:

    In order to generate a strong credit score, you need the following:

    • 2-3 Active lines reporting to your credit for 12 or more months with no late payments (auto loan, credit card, home loan, etc.)
    • Credit cards build credit faster than any other type of loan
    • All credit card balances must be under 30% of the credit limit at all times to maximize your score.
    • Pay or settle in full all collections in the past 24 months
    • One late payment (30 days late) can lower your credit score 50 or more points!
    • Avoid “payday” or other unsecured loan places
    • Opening a loan and paying it off quickly will not improve your credit
    • Debts you are paying on for 12 or more months build strong credit scores

    Call (314) 270-3828 for a FREE Consultation!

    The application process only takes 10 minutes on the phone!

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