If you haven’t seen your credit score, you’re not alone.
Many of our clients don’t know about their credit score or even know what it is when we first meet with them. During our initial consultation, we go over your complete credit report with you. As an added bonus, we’ll even teach you how to read it.
So, how can you make sure you have a great credit score? Here are a few tips to get you started.
- You need to have credit. It may be surprising – but your credit score goes up as more credit is available to you. We recommend at least two facilities: a credit card and a line of credit (or 2 credit cards).
- You also have to pay your bills when they are due. That goes for your internet, cell phone and even parking tickets.
- It also helps to start as soon as possible. The longer you have a clean record of paying your credit card, loans or other credit facilities, the better your credit becomes.
- Finally, make sure to carry a low balance. One of the least known ways to hurt your credit is to have high utilization.
Don’t ever hesitate to contact Kris Krawiec – 416.845.3745 about your mortgage related needs when you’re buying a property anywhere in Ontario.