This afternoon during our virtual book tour the discussion was about credit and the role of bad credit in relationships and when purchasing a house. Most people fall into bad credit because they have not been taught about managing money. Their foundation for money management is not strong. Therefore, they tend to repeat patterns they saw. We agreed that when you are seeking to purchase a house, the first thing you should do is get your credit straightened up. Why you ask? Because having good credit allows you the flexibility to have extra money to take care of additional expenses that you might incur once the house is finished. In the process of straightening up your credit, you should not charge your cards to the limit. Do not be tempted by an item you had no intention of buying. Second I recommend ordering your credit reports for the three major credit bureaus: Experian, Equifax and Trans Union. It is crucial that you know what is on your report. The main thing you need to keep in mind is you are re-evaluating your credit situation for long term results.
