SAVE SAVE SAVE
Pay off credit card debt
Pay cash
Spend below your income; spend wisely
Make no major purchases
Protect your credit
Make sure you have several trade lines
Leave old accounts open; don't open new accounts.
Keep credit card balances below 30%
Don't shuffle money around (leave bank accounts alone for three months)
Pay your bills on time
Know your credit scores
Q: Can I buy a new car before purchasing real estate?
A: Lenders don't recommend it because it will affect your income to debt ratio which will impact the amount of your home purchase.
Q: Do I get a new credit card?
A: Lenders advise against it unless it is a secure credit card to help booster your scores.