Main Content

Home » Credit

Credit

Improve your credit score to get the best rate

Improving your credit score is a key step in securing a better mortgage rate, which can significantly lower your monthly payments. Credit bureaus use several main variables to determine your credit score. Firstly, your payment history pl...

What is a good FICO score?

With higher interest rates, your Fico score is more important than ever. What is a good Fico score? Your Fico score is a numerical representation of your credit. Creditors report your payment history to credit bureaus. An algorithm then ...

How to boost your FICO score

FICO scores, created by the Fair Isaac Corporation, employ a proprietary formula to assess creditworthiness. This formula considers five key aspects when evaluating creditworthiness: payment history, the relationship between current balances an...

Top 3 ways to help your adult child establish credit

I have been selling Los Angeles homes for more than two decades and am at a point in my career where I am now helping my client’s children purchase their first homes. Many of these kids are getting some type of down payment assistance from th...

Five ways to boost your credit score for the New Year

Consumers with higher FICO scores obtain lower interest rates. FICO scores are calculated from five groups obtained from your credit history. Here are the top five ways to boost your credit score: Payment history (35%) Phyllis tip: If y...

The Importance of Good Credit

Being in the real estate business, I know the importance of a good credit history. My daughters both recently graduated college and are now employed. My oldest daughter deplores credit and was a bit resistant to my suggestion that she o...