When you are trying to increase your credit score – TIME is a big factor.
How long has it been since you missed a payment. For Car Loans and Mortgage Loans – that number MUST be 12. Meaning you have NO LATE PAYMENTS in the last 12 months.
“Clean Credit” is a slang term used OFTEN in mortgage lending. It refers most often to someone who has 12 months with no lates. But it’s not just late payments, it also refers to 12 months with no collections filed. 12 months with no judgements of liens. 12 months with no one writing anything to […]
Steve and Eleanor Thorne
201 Shannon Oaks Circle
Cary, NC 27511
919 649 5058
Steve AT SteveThorneOnline DOT com
MLO NMLS 60596
Equal Housing Opportunity Lender
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