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Improving Your Credit October 25, 2009

credit-score-chartIf you are thinking of purchasing a new home or refinancing soon, your credit score will play a large role in not only whether or not you qualify but also how high your payments will be. Credit awareness is your first step.

To review your credit report, visit www.annualcreditreport.com. If you find any errors, work to fix them as soon as you can.

Your credit score is determined by several factors: Do you pay on time? Do you owe money on your credit cards? Have you used credit recently? Are you applying for numerous new cards? What kinds of credit have you used?

Essentially, lenders are looking for a consistent pattern of on-time payments. If you don’t already pay all your bills on time, now is the time to start.

Your score is also affected by your debt to income ratio. So you can work to raise your income or you can work to decrease your debt. Whichever path you choose, paying down maxed out cards is a good place to start.

Overall stability helps boost your credit score as well. Changing residences or jobs frequently can put a ding in your score.

If you are planning to apply for a home loan in the near future, avoid other big purchases like cars or boats.

If you’d like more tips on improving your credit, please let me know. I can put you in touch with a consultant who can work with you to help improve your credit score.

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Corporate meltdown leaves renters in limbo March 24, 2009

John L. Scott Real Estate, WA, OR, ID

It is sad when people get run over and railroaded.  The emotional toll spills over into their finances, and leaves people mentally on the down side of things.  Everyday people are losing jobs, cars, homes, valuables.  No doubt this has left many with the feelings of no self worth, embarrassed, and simply lost.  Add on top of that all the negativity in the news, day in and day out, and the stench is like the top of a trash can festering.

When I was a kid, I got to spend a summer with my grandparents.  I adored my grandmother, she was simply perfect.  One day she had a chore for us, clean out the trash cans.  Now, imagine what a trash can in June in Phoenix, Az., must have smelled like it was not nice!  But, we turned it on its side and we used a hose and sprayed it inside and out.  We got all the “big stuff” out first.  It came off pretty easy and it also made the next step much easier.  We got out the scrub brush (with a long handle) and some soapy water and scrubbed it clean.  When we set it upright, amazingly it didn’t smell anymore.

Life right now is pretty much like cleaning out that trash can.  Do you think your life is full of nasty problems that can’t be cleaned?  The credit report isn’t what it used to be or never what you wanted?  Do you feel as though you have no hope and no one out there to help?  Nothing could be further from the truth.  There are over 100 mortgage programs out there that you can qualify under.  Some need stronger work history and lower credit score, while others are geographical based and need no money down.  The list is very long and one of them is right for you!  The first step is to decide for yourself: are you going to allow your fear to dictate to you what your security and stability should be?  This is your year, lets work together to get you into your dream.

Rolland Lawrenz
206-963-4307
rollandlawrenz@johnlscott.com
www.johnlscott.com/rollandlawrenz

Chandler, Ariz., police officers confront residents of the Alante at the Islands apartment complex last week at a meeting called to discuss what the renters would do next.

Irvine, Calif.-based Bethany Holdings Group and affiliated companies abandoned dozens of large apartment complexes across the nation, potentially affecting tens of thousands of renters. Msnbc.com’s Kari Huus reports.

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