How you can fix your credit score.

How do
you Fix Your Credit Score?
want that 
Home Mortgage to purchase our dream home but
your credit score is low. Your credit score is an indication of what the
industry calls your willingness and ability to pay debt. 
It’s a probability ranking score on the possibility of you defaulting on
an Arizona Home Mortgage payment obligation in
the next 90 days.  Some people like to think of it as a credit
score grade on your payment performance.  The lender will look at your
overall grade and see if you are:
1.       willing
to pay, based on your history
2.      able to
pay the debt, based on your income
3.      capable
to pay, based on how many loans you have. 
If you have a failing
credit grade (an F), then the lender will assume that you are going to fail
again and not pay them back.  It’s an overall Grade Point Average on how
you passed or failed on prior Mortgage obligations.  If you got an F on
an Arizona Home Mortgage in the past your Grade Point
Average is going to go down.  Think of it as when you were in school. 
Every year the school would give you a Grade Point Average for the years’
work.  Some people got a very high Grade Point Average (all A’s) and were
the smart kids in school, while others got a few D’s and F’s on their report
card and had a lower Grade Point Average for the year.  This school of
credit never ends in your life and you want to have the highest credit score
Grade Point Average as possible, and keep it up through your life.  
So what do you do to get a high credit score Grade Point Average?  You do
the same thing that you did in school.  That is:
1. Take the Test over again and
get a better grade.  How do you do this?  You pay back the people you
owe money to.  Those items in collection or past due need to be paid off
and settled.  The grade on your past due Mortgage is currently an F, but
you can make it a C+ if you pay off the debt.
2. Don’t
get any more F’s on your work.
  This means that
you pay the Mortgages back and on time.  You need to take it seriously,
and make the payments and don’t be late.  Remember when you turned work in
late in school and the teacher deducted points for the work because you were
late?  It’s the same in the credit school; don’t be late on your work.
 Also, what type of grade were you given when you did not turn in the
work at all?  You would get an F.  This is the same with
paying Mortgages, when you 
DON’T PAY then you
get an F
 and your overall credit score Grade Point Average goes
way down. Pay your Mortgages on time and full will give you 
the best Grade
Point Average.
3. Don’t take on too may classes. 
If you take a safe load of classes, then your work
is easier and you can probably get an A in every class.  But if you take
on too many classes, you will not be able to get all the work done for all the
classes.  This is the same in the credit world.  Don’t take on too
many Mortgages and keep the balance owed on the Mortgage to around 30% of your
available balance.  The lender will look at your Mortgage load (class
load) and think are you never going to get the work done?  You have maxed out all of your credit cards and want another one? The
more Mortgages you take on (sign up for) the higher the chance that you are
going to fail on one of them and possibly the Mortgage you are now trying to
get is the one you will fail on.
4. Get that bad score off your report. 
Usually the quickest way to get a bad grade off your report is to dispute the
score (Whine to the teacher). Tell the credit bureaus that it’s not your grade
or that the grader who graded the test was wrong, or that they used the wrong
pencil or that they used the wrong answer sheet to grade your work.  If
you can get an F off your report card, your overall score and Grade Point
Average will go up.  This is usually the first thing you can do to get a
better Grade Point Average.  You do this by disputing the items on your
credit report for each of the credit bureaus.  If they believe you and you
are able to get the score off your credit report your Grade Point Average will
go up.  If credit bureaus don’t believe you, then work on step 1-3 above.
good part about the credit score Grade Point Average is it is an Average. 
It’s calculated over time and time is your friend when you calculate the Grade
Point Average.  Your overall score is based on the current work and the
work you have done in the past, but usually it’s for the last 3-5 years and if
you have an F on your credit score report card, it will drop off in a few
years. So if you keep your grades up, in a couple of years your credit score
Grade Point Average starts to improve and eventually you will have all A’s and
you can qualify for
the Arizona
Home Mortgage.
So you
have bad credit and want an Arizona Home Mortgage? What are the exact steps?
I recommended that you read the book  Credit Bible – Everything You’ll Ever Want To Know About
 by Phil Turner.  This is a detailed book on the steps
and mistakes you can do to fix your credit score.

Arizona Private Hard Money Lender

Dennis Dahlberg
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
26601 N 19th Ave Suite 112
Phoenix AZ 85027