High Credit ScoreA good credit score is one of the critical requirements in securing a mortgage. Money is loaned to you if you’re capable of paying it back, and a credit rating shows that. Credit is a form of loan and financial institutions will ensure you don’t miss repayments. They will also go to great lengths to check your spending habits to determine if you will qualify.

Community Lending Group is one of those companies that ensure its clients go through a background check to find out about their financial capabilities and their ability to honor commitments. Their credit scores tell the true story of how they handle their finances. If you’re that type of client, here are some tips for boosting your credit score to make yourself attractive to lenders.

Pay All Your Debts

Lenders will look at your income and compare it to your debts. This is known as your debt-to-income ratio. It determines your capability to pay back what you borrow. Bills can also be seen as debts. Not paying your debts and being late in paying your bills can cause your credit score to plummet.

Maintain a Good Credit History

Keeping your credit card bills current and having a long history of doing so will definitely boost your credit score. If you don’t use a particular card, close the account immediately as it could be considered a potential debt.

Don’t Change Jobs

Staying at your job can improve your credit rating as it proves you are capable and trustworthy. Losing a job even for a short time can indirectly impact your score as you may fall behind paying your bills due to the lack of source of income.

A high credit score proves that you’re financially responsible and committed. Financial institutions always think in terms of return of investment, and you give them exactly that by being wise and in control.