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Is Your Credit Holding You Back?

Friday, February 1

As spring approaches, do you find yourself daydreaming about purchasing a new home, remodeling your current home, or maybe even going on vacation? Have you thought about financing your dreams to make them a reality? Now is the time to take steps to ensure your credit will not hold you back. 

  1. Obtain a copy of all three credit reports for free at It is important to review all three of your credit reports for inaccuracies to your personal information, late payments, accounts that you did not open or even inquires to your credit report that you did not authorize. Not only can these inaccuracies potentially have a negative effect on your credit score, but they could also be warning signs of identity theft.

  2. Review your revolving account balances. A rule of thumb is to utilize a maximum of 35 percent of the revolving debt available to you. You may be tempted to start closing down credit cards with a zero balance, however closing those down might have a negative impact on your credit score if it significantly increases the utilization of your revolving debt.

  3. Meet with your SFB mortgage banker. If you have any questions about your credit or how SFB can help finance your dreams, please contact a Security Financial mortgage banker today.