Credit History - Why you need to maintain a good scoring.
16 July

Credit History - Why you need to maintain a good scoring.

Pay at least the minimum balance on time ALWAYS

  • If you’re not using a credit facility, close it. It doesn’t help your score if you’re not using it.

  • Paying late because you’re trying to pay the entire amount in one shot

  • Not dealing with a problem with a creditor. This could be identity theft, a disputed purchase, or an error in reporting. The faster you deal with it (pay it, get supporting documentation for it, or report it as incorrect), the more responsible you seem.

  • Got questions about what your credit report is showing, or need help understanding it? Give us a call: 416-241-6000.

     

    Sherwood Mortgage Group