How to Repair your Credit Score

How to Repair your Credit Score

Like it or not, a bad credit score can have a tremendous impact on your life. Your ability to make big-ticket purchases and to get essential services will be greatly limited by a poor credit history. If you are presently wondering how to repair your credit score, you are not alone. A widespread decline in credit scores has been one of the unfortunate side effects of the recent recession. Fortunately, there are steps you can take to improve your credit and make your life easier. The first part of repairing your credit score is to address the issues that damaged your credit, including:

• Debt

• Errors on your credit report

• Dormant credit (more…)

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How to Buy a Home with Bad Credit

How to Buy a Home with Bad Credit - Paramount Equity®

Many of the advertisements around today make it sound like having bad credit is the end of the world. While it’s not great to have bad credit, it certainly does not mean you have to stop living. There are plenty of options available to people without ideal credit, you just need to know how to handle your credit choices moving forward. Here’s how to buy a home with bad credit.

Why is your credit bad? 

The first thing to establish when you are trying to figure out how to buy a home with bad credit is why your credit is bad to begin with and how you can ameliorate it. If you have foreclosed or claim bankruptcy, know that the mark remains on your credit report for 10 years. If you have had to deal with collection accounts, those remain for 7 years. Minor incidents (more…)

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