Home » Finance

Improve Your Credit Score Before You Get A Florida Refinance

Feb 4, 2008
Mortgage companies are reviewing credit scores like never before. This is to avoid earlier mistakes that sent hundreds of homeowners to the brink of home foreclosures. If you're thinking of relocating to Florida before the summer, repair your credit score. A good credit score will have your application for a Florida refinance approved in no time.

How's Your Credit Score?

Rare is the individual with an unsullied credit history. People have financial problems, and as much as they would like to pay their credit card debts on time, financial setbacks can defeat this resolve. Delayed credit card debt payments has adverse effects on your credit history and makes you a poor candidate for a future loan for a change of residence, or simply refinancing your current mortgage.

A credit score is the basis for determining a person's credit worthiness or unworthiness. Meaning, you either pay or don't pay your credit bills on time. A good credit score, gives you access to affordable interest rates for your Florida refinance, or a refi to relocate in another state. Scores range from a high of 900 to a dismal low of 300. Majority of people hover between 600 and 700 score range.

If your credit score is below 600, you are already considered high risk; therefore, not good loan material. Although some credit card companies assure you can get a mortgage with bad credit, the risks on your part remains. You may get the runaround from credit companies or a high interest rate if ever you get through the mortgage hurdles. To get a fair deal, repair your credit score before you scout for a refinance, or talk to your present lender about a new loan.

Repair Your Credit Score

Before you talk to a loan agent about your Florida refinance, get your credit report from any of the following credit bureaus: Trans Union (1-800-888-4213), Equifax (1-800-685-1111), or Experian (1-800-311-4769).

Check the report for inaccuracies. If the mistake was made by the credit card company, have this rectified. Keep copies of all your efforts to rectify the error. Under Federal law, the company has 30 days to correct the information in your credit report, so follow up on the alteration consistently.

In the meantime, while you are struggling with your bills, stop using credit cards. This is tough, but there is no other way to eliminate future credit card debts while you're paying off the pile of overdue loans that have accumulated. Delayed payments incur added charges, which makes your financial situation unstable and this would jeopardize your approval for a Florida refinance or a new mortgage.

Make it a habit to monitor your credit score. It will keep you posted on your payment performance, correct errors in time, and guide you on your credit card spending. It's a good thing that credit card bureaus provide free copies of your credit annually.

Check out the online sites of the credit bureaus to find out if you're eligible for a free credit report and when. But if you want to be posted of your credit report, you need to shell out money for it, especially if you are getting a new loan or a Florida refinance. Get a better deal for your new mortgage. Repair your credit score now.
About the Author
Need a Florida refinance , California refinance , or any mortgage refinance ? Visit www.WhatAboutLoans.com today for more particulars.
Rating:
Please Rate:
(Average: Not rated)
Views: 139
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources