HEPING YOUR CLIENT TO IMPROVE THEIR CREDIT SCORES
November 04, 2021
HELPING YOUR CLIENT IMPROVE THEIR CREDIT SCORES
Help your Client find someone who can provide a full mortgage analysis and can help educate your client about Utilization, Ratios and Payment Histories.
Disputed Items could cause inaccurate credit scores. Lenders may require loans to be reviewed with another level of scrutiny. Remind your client that medical collections are not factored into debt ratios.
To Settle Credit Judgements, some lenders may accept repayment plans once three payments have been made to resolve the issue.
On the other hand, Clients with low credit scores may need to lower their utilization and open new credit card accounts or add tradelines to their reports. Main thing is to ensure that your client understand their debt-to-income and their housing ratios.
Last but not least, help your client to understand that they should always keep their payment schedule consistent and on time. Setting up automatic payments through their checking accounts is one way of ensuring this.
