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Credit FAQ’s

Can a Credit Check Severally Damage my Credit Score?
- No
- The more established your credit is, the less your score will be affected, if at all
- When scores are slightly affected, it only temporary & bounces back quite quick
What are some Credit Tips?
- Make payments on time
- Use less than 35% of your total limit
- Increase your number of trade lines in which you can manage
- Increase credit history length
- Use different types of credit
- Pay down high interest debt with low interest debt – I.E Your “Mortgage”
How Do I Build My Credit?
Use the 2-2-2 rule
- 2 trade lines
- $2,000 limit each
- 2 years each minimum
Use each credit line & try not to carry 40% or more of your limit month over month without paying it down
Will a Pre-Approval Damage My Credit Score?
- With our pre-approvals, we only pull your credit one time to ensure maximum credit.
- Credit reporter will also allow you to have a certain number of hard pulls per individual each calendar year, without hurting your overall credit score.
- Checking your credit will not negatively affect your score unless you already have underlining credit concerns like late or missed payments.
- In this case, your score will still not be impacted, and we can work with you to help establish stronger credit practices for your future.
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