Now that you know your credit score, it’s time to learn the key tricks to optimizing it! This is very important in order to receive the best possible rate from lenders.
Below is a snapshot of the components that make up your credit score along with which pieces you have influence over in the short term.
♦ Can influence in short-term
♦ Can not influence much in short-term
To simulate how financial decisions will impact your score, click here.
Start implementing the above strategies ideally 60 days prior to your lender pulling your score to give time for your score to increase significantly. The difference of optimizing your score could be be enough to put you into a new lending category and decrease your interest rate!