Tuesday, August 07, 2007

Are You Killing Your Credit Score?

When buying a home, an important factor in this process is your credit score. It is important to familiarize yourself with your credit report and the role you play in your final FICO score .

Your FICO score is one factor that lenders consider when they are trying to determine if they should lend you the money, charge you more, or flat out reject your request for financing.

Don't defeat yourself before you get started. CNNMoney.com put out an article, 6 ways to kill your credit score, that provides some useful information and insight into how we may be sabotaging our own credit.

Stay on top of your credit score and review your credit report regularly. This will limit the potential for errors that can also negatively affect your FICO score.

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