New Year’s Resolution

New Year’s Resolution – Credit Score Fitness:   I read a great article in the New York Times the other day about discussing your credit score on the first date.  Yes you heard me correctly – discussing your credit score.  In this day and age of recession laden talk, having a frank conversation about financial fitness has become a hot topic.  As many readers pointed out in response, your credit score can truly be a reflection of your bad spending habits, but it can also be a mirror to your recent job loss, health crisis or stolen identity. The one thing most readers could agree on was the importance of sound credit- 750 and above is good.  Lower interest rates on loans, getting a loan, employment, all can hinge on what the numbers say.  Having an understanding of what is on your report, correcting false information, or seriously tackling your debt are surefire ways to begin righting your ship.  An improved credit score might not secure a second date, but it may help you achieve your goal of owning your own home or leasing a car.  The Federal Trade Commission has some excellent information on their website that may help demystify all this scary credit score talk. In the spirit of New Year’s and making resolutions you might try My FICO Fitness Challenge to help get back on track.  And if homeowning is your dream – we can put you in touch with some great local lenders that can help you get a handle on your current credit status, suggest ways to improve your credit, or type up that pre-qualification letter enabling you to start your home search.  Fiscal fitness plan — a great way to start 2013.

As 2012 comes to a close, we want to wish our friends, family, past and present clients and all our neighbors, a very healthy, positive and inspired New Year.  The Pei Lin Team

Leave a Reply

Your email address will not be published. Required fields are marked *