tammy forrest
RE/MAX First
8820 Blackfoot Trail SE #115
Calgary, AB
T2J 3J1 CA
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keep your mortgage rate low, work on keeping your credit score high.

Strategic Tips for improving your credit score.

Your credit score is a number that lenders use to predict your credit behavior. The higher your score, the less likely you are to default on a loan. Credit reporting companies like Equifax and TransUnion calculate your score based on payment history, how much you owe, how long you've had credit and how often you apply for new credit. If your score is above 650, you'll probably qualify for a standard loan. If it's lower, you may have trouble qualifying or end up paying a higher rate.

Because your credit report is constantly changing, you should review it with both credit reporting companies once a year (visit or for details). And if you're planning on applying for a mortgage, be sure to check your report a few months in advance. This helps you correct any mistakes, detect potential fraud and take steps to keep your credit score high. Here are some simple steps you can take:

• Pay all your bills on time.
• Keep credit card balances below 65-75% of your limit.
• Don't apply for credit you don't need.
• Don't close old credit accounts, even if they're inactive.
• Correct any negative inaccuracies on your credit report.


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