Look out for identity theft. Many people who are careful about paying bills on time and having minimal debts are shocked each year to find that they have low credit scores. In many cases, this
Add Your Rental Payments To Your Credit Report
DO YOU RENT?
Mortgage and installment loans
These LOANS are evaluated by calculating the amount of the original loan versus the remaining unpaid balance. Installment loans are typically car loans or home improvement loans which have a set monthly payment extended over a finite period of time. Note - carrying several mortgage loans as a result of income property may impact your credit score as the additional mortgages can significantly increase the amount of debt on your credit file. Mortgage lenders will generally consider the additional rental income when making a decision on a loan.
I point out proven techniques usually hidden from the average homeowner, to make owning a home a dream come true. I provide education to help people restore their credit along with giving action plans....