UtahCreditCoach uses a unique software program we call "Home Sweet Home." The program guides you, step by step through the process, coaching you to reach your credit goals. Once you are enrolled, you are able to log into the system, anytime, anywhere and work towards improving your credit scores. REGISTER HERE FOR A FREE, PRIVATE CONSULTATION!
I recently worked with a Spinal Surgeon relocating to Utah. After Medical School he was four years in residency and another year on an internship, needless to say he had accumulated a few student loans along the way. Unfortunately, somehow one of his student loan providers ceased sending him updates and applications for deferment and ended up sending him to collections…
He was distraught when I alerted him that his credit score was below the minimum threshold for Physician and Doctor home loan programs. Luckily we were able to do a little credit magic and get the scores up high enough for an FHA mortgage; in the end he’ll still get his home and an interest rate around 4.50%.
These things happen, what’s important is to get going on your application early, allowing as much time as possible to fix anything you are unaware of. If you are interested in increasing your credit score in preparation for your next home purchase, check out my article Nine Credit Magic Tricks. It’s short and sweet but gives you everything you need to know to get your credit score up in a hurry.
If you are a Physician looking to buy a home in Utah, please visit my website http://www.utahphysicianhomeloan.com/ dedicated to helping Medical Professionals get financed through specialized mortgage underwriting and understanding of their unique situations.
Ten Steps to a Better Credit Score: Step 7 Look at how long you’ve had credit established….
As you start paying down your debt and working on your credit scores make sure you DO NOT Close your revolving credit lines. Revolving credit lines closing and lack of revolving credit (with low balances) will lower your scores drastically and by an alarming rate.
It takes a disciplined person to have revolving credit without using up the credit allowed. By having revolving credit, a good payment history, keeping the useage amounts under 20% of credit limit it will help your score. Keeping the line open will also build the length of credit history and types of credit. All of this adds up to 90% of your credit score.
Now you can see why its essential to keep the good lines open with the balances low.
Credit Card useage rose after a 27 month decline in balances.
Consumers beware the increase in your balances will affect your credit score. Credit Useage accounts for 30% of your credit score. When balances increase so do your monthly payments. This may affect your debt to income ratio when you go to qualify for a home.
If you are in the process of purchasing a home, do not increase your credit card debt. You would be surprised how as little as a $5 charge can affect your score and make the difference between the better interest rate or even qualifying for your loan.
for all your credit needs visit http://www.UtahCreditCoach.com
Since gas prices continue to rise, I thought I would put together some helpful tips on how to save money on other areas of your budget. Food/Groceries. While some of these tips may seem obvious, they are all good reminders to help us stay focused.
Eat at home this includes making your own coffee
Plan your meals for the week
Shop with a plan, prepare a list and stick to it
Shop the perimeter of the store while marking your items off the list. Anything left on your list? Now you can briefly step inside the isles to grab the remaining items.
Eat before you shop, never go when you are hungry
Avoid all the “prepared meals” while they may be easy to buy, they cost a lot more than planning ahead and doing it yourself.
No bottled water, invest in a water filter if you dislike tap water
Avoid distractions, shop without your kids. Every extra minute you are in the store the likelyhood of you purchasing impulse items increases.
Buy in bulk only when the per-unit cost is lower than small package sizes. Beware of having to store bulk items and bulk produce going bad before you’ve had a chance to consume your groceries
Use store cards/rewards cards if they offer you discounts
Use coupons make sure to check the paper and online for manufactureers coupons and store coupons
Buy Locally: check out the farmers market
Look down: most expensive items are normally placed at eye-level, end caps and checkout lines
Take some time to compare prices and stores, shop for sales
Be creative and substitute recipe items for cheaper alternatives. A great place to check out substitutions “The Cooking Thesaurus.”
Keep your kitchen well stocked which means you keep the “staple items” on hand so you don’t have to shop spur of the moment. Which reduces your number of shoping trips
Are you just plain tired! Tired of bad credit! Tired of low credit scores! Tired of not knowing what steps to take? We have the answer!!! Try us out, proven results, our system removes all the guess work and gives you a detailed plan of what to do and why.
Did you charge all your holiday spending on your credit cards? Are your cards maxed out? Are you cringing at the thought of opening up your January Credit Card statements? If you are currently in the process of buying a home or want to buy a home in 2011 we need to get your credit score in order, check us out, UtahCreditCoach.com
UtahCreditCoach.com #2 question asked: How Does Your Coaching System work….will you do the work for me? For More Information check us out at UtahCreditCoach.com If you would like a private consultation click on the link and fill out the form.
I recently worked with a Spinal Surgeon relocating to Utah. After Medical School he was four years in residency and another year on an internship, needless to say he had accumulated a few student loans along the way. Unfortunately, somehow one of his student loan providers ceased sending him updates and applications for deferment and ended up sending him to collections…
