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You know that your credit score is incredibly important when you want to buy a home. There’s certain things that you could be doing in your everyday life that are hurting your credit score. Here’s what you need to avoid in order to keep your credit score up:
Don’t Allow For Too Many Credit Inquiries
When you’re at the checkout lane at the store, and the clerk informs you that you can save a lot of money if you just open this instant credit card on the spot, that can pose a problem. The issue with this is that the store will be instantly checking your credit score as well. These inquiries hang on your credit report for a certain amount of time. Certain inquiries can also make your score dip. Too many credit inquiries can make lenders suspicious of your ability to be a dependable borrower.
Unpaid Bills Can Add Up
If you forget to pay small credit card bills here and there, it could add up. Think of things like library books, medical bills, and credit card payments. That unreturned library fee that you never paid could come back to haunt you. A medical bill that was sent to collections can become a problem on your credit report. Most of the time, all you need to do is pay these fees up for your score to bounce back.
Credit Report Errors
Your credit report could have incorrect information about your financial situation and records. Your credit score could be dragged down just because of some errors on the report. If you do find an error on your report, you’ll be able to submit a claim to rectify the error.
Using Too Much Of Your Available Credit
Just because a credit limit is at $5,000, doesn’t mean that you need to max it out. Even if you pay your bills each month, using too much of your available credit can really harm your score. For your credit score to be calculated and to see how loan worthy you are, your total available credit and how much of that total credit is being used will be put into a formula. Beware of how much of your credit you use in order to keep that score up.
Not Touching Your Credit
You actually need to use your credit in order to build your score. You need credit history in order to have something for loan officers to work with. Accounts that become inactive over time will be closed by default and actually negatively impact your score.
By using your credit responsibly, you’ll keep your credit score up and be in good shape to buy a house.
100 Rosemary Way, Needham, MA 02494
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Deciding what books you needEven though we live in the era of smartphones and ebook readers, there is still value in owning a physical copy of a book. There's the joy of holding it in your hand, admiring the cover art, flipping the pages, and--of course--that new book smell. However, you might not need to own a physical copy of every book you've read. With interlibrary loans, ebooks, and the Kindle app there's really no need for a huge collection of books. Weed out your collection and keep the ones that are most valuable to you. It will be hard to part with them, but if you donate to your local library or a charity you can feel good about your decision. You'll soon realize it's great to have the extra space.
Creative book storageIf you want to a fun, minimal bookshelf but aren't into the idea of having old milk crates stacked up against your wall, fear not--there are innumerable other options.
StaircasesThere have been countless fun and minimal staircase bookshelves created over the years. Sometimes people build on to the side of their staircase, other times they utilize negative space underneath to build a bookshelf that fits opposite each step of the staircase. If it's children's books you need to store in your kids' rooms, consider building a staircase bookshelf that leads up to the second bunk of a bunkbed. It will safe space and provide a safe way for your child to reach the top bunk.
Invisible bookshelvesIf the idea of having another piece of furniture in your living room just to put a few books on drives you crazy, consider using an invisible bookshelf. These wall-mounted systems are totally invisible behind your books and give the illusion that the books are just floating up against the wall, creating a minimalist's dream bookshelf. If you're more into cozy than minimal, try stacking the books from biggest to smallest on top of one another on a corner table. It's also a good way to hide wires that come from an outlet on the wall.
Built-in bookshelfSome older homes were built in a time where reading was a highly respected (and admittedly, one of the only) indoor pastimes. Many of these homes have walls with built in bookshelves. They add a stately look to a room and can serve as storage for items besides books too. It's possible to make your own if you're savvy when it comes to building. However you can also purchase bookshelves that give the illusion of being built into the wall.