The Importance of Staying On Time With Your Financials

I m always talking about the importance of safeguarding your credit, particularly when you were in the midst of purchasing a home – and here is why.


Today I had a client who we had to re-pull credit on because his credit report has expired and we had to update just a couple of things. In that process, his credit score dropped over one hundred points because from the time that we pulled the credit originally until today, he had been 130 day late on a credit card, and it has done this much damage to his credit score. As you can imagine, that’s going to impact not only his interest rate, but also the potential possibility he might not get this loan.

So we’ve got some work to do. But this is why I just really, really wanted to stress that you make sure that you are on time with everything during a loan process. It can literally make or break a deal.

Make sure that you are on time with everything during a loan process. It can literally make or break a deal.

Bethany Ashby

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