Tips to Having a High Credit Score

How can I ensure a high credit score and is it possible to raise my score?
Your credit score and past credit history play a very important role in getting approved for a mortgage. A stronger credit score ensures a stronger credit history, which makes it more likely that lenders would approve your application for a loan. In addition, lenders offer better rates to those with higher credit scores.
Your credit score and past credit history is maintained in your credit report that also includes detailed information of all your past debts, finances and how well you have repaid your debts. Looking at your credit report, a lender can make a decision on your loan application.
Here are some tips that will help you in maintaining a good credit rating.

Tips to Having a High Credit Score:

• Pay your bills on time. Make sure that you do not miss any deadlines. If you have missed payments earlier, avoid it in future.
• Get your credit report a few months before you apply for a mortgage loan and review your credit score. This will also help you correct any errors in the report
• Shop for a mortgage within a 2 or 3-week period. Do not prolong this period. If your credit is pulled often, in a small time period, this is not so bad. But if you continually get your credit report pulled month after month, this will lower your score.
• Maintain small balances on credit cards and other loans. The closer you are to the limit on your cards, the more your credit will be hurt. Use your credit cards responsibly.
• If there are any blemishes on the report - attempt to get them removed