What are my five tips that will help you slay your credit score in 2019?

First, shoot for perfection! By that, I mean shoot for a score of 850.

If 850 isn’t possible for you, try shooting for 750—the second-best score you can attain. Even at this mark, lenders will be fighting for your business, and they’ll give you a great rate. If you want to check your credit score regularly and get a better idea of what affects it, Credit Karma offers a free app you can download to your phone.

Next, set up automatic payments for your monthly bills. This includes your utilities as well as your credit card payments. If you’ve had trouble paying these bills on time in the past, this will help tremendously.

“When they look at your credit score, they want to make sure you know how to manage your money.”

Also, don’t be afraid of exploring refinancing options. If your credit score isn’t where you want it to be, but it’s good enough to get a loan, this is a useful strategy. However, I should stress that your refinancing rate should be at least two points lower than your original rate.

Finally, watch your credit limit. If you have a limit of $5,000, for example, you should only use up to 30% of it, and using less than that would be even better. However, don’t use 0% of your credit limit, because that’s a red flag in creditors’ eyes. When they look at your credit score, they want to make sure you know how to manage your money, and having a 0% balance has the opposite effect.

If you’d like more advice on how to slay your credit score in 2019 or you’re ready to buy a home now, don’t hesitate to reach out to me. I’d love to help you.