Fix your credit pointer #2

Pay your bills on Time!

I know, wow that was a wealth of information. Of course we all know this but what we don’t know is the importance of it when we look at the details.

The last six months is the most important payment history. Create a six month history of perfection with your payments and you will see an increase in your score. If you made a house or car payment that was more than thirty days late three months ago, wait three more months before you buy and it will help you.

Each payment will weigh differently on your score as well. House payments are huge. The easy way to remember is the higher the payment the more it will affect your score.

~ by wilsonmy on November 20, 2008.