If you close accounts now then your ratio of outstanding debt to credit available will rise, which will probably negatively impact your score. Now, if credit report free annual Gainesville your lender asks you to close an account or two as a condition of getting the loan, then go ahead and do so. You're not doing so to raise your score, because it doesn't, you're doing credit report free annual Gainesville so because your lender says that what it takes for you to get the loan.
The reason they might credit report free annual Gainesville do this is because they're afraid if you max out all your various cards you'll be spread too thin and won't be able to pay back the mortgage. 3 for free credit report
So they may want you to close an account or two to reduce your ability to rack up more debt. But you should close accounts only if your lender says you need to do so in order to get the loan. If a mortgage broker suggests you do so, ignore them. Make sure you pay every bill on time from here on out. Taking steps to bring your score up does you no good if you do things that send it right back down.
Also, credit report free annual Gainesville the older a late payment is on your credit report, the less it hurts you. credit report and free So a late payment you made last month hurts a lot right now, but in two years that same late payment won't hurt your score as much.
If you make credit report free annual Gainesville no more late payments, your score could improve 50 points within a year. That won't remove it from your credit report, but it will still help your score, because a late payment is not nearly as bad as an unpaid debt. If there are any errors on your report (such as late payments when you weren't credit report free annual Gainesville late), write a letter to the CRA in question and ask that the error(s) be removed. The CRA has 30 days to investigate; they'll write to the creditor and ask them to verify the payment info. get a free credit report without a credit card If they don't, the CRA will remove credit report free annual Gainesville the negative info from your file. Make sure negative info older than 7 years isn't reported. By law, negative information in your credit report free annual Gainesville credit report must be deleted after seven years (10 years for bankruptcy).
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