These 7 Things Are Lowering Your Credit Score and Will Make it Difficult to Buy a House in the Future – Local Records Office

HARRISBURG, PENNSYLENIA – Several factors come into play when calculating your credit score. “According to FICO.com, your credit score is affected by five major elements, in this order of importance: payment history, amounts owed, length of credit history, new credit and types of credit used” say, the pros from ‘Local Records Office’ in Harrisburg, PA.

 

  1. Credit Score Plays a Big Part in Buying a House

 

That said, here are some things you might be doing that could knock your score down a few pegs.

 

  1. Banning Credit From Your Life

 

If you don’t use it, you lose it — your good score, that is. Credit score is a measure of how responsible a borrower you are. If you cut up all of your cards — literally or figuratively — “lenders won’t know what to expect from you should the day come when you want to open up a line of credit” says, ‘Local Records Office’. If you want to minimize the amount of credit in your life, try to use one major credit card for small purchases and pay it off in full monthly to keep your credit active.

 

  1. Closing Old Accounts

 

You might think since you’re happy with your current credit card that you might as well kick your old ones to the curb, but be careful. If you cancel an account that you’ve had open for a long time, you could be damaging the credit history portion of your credit score. Essentially, when you close an account, you erase that account from your history.

These 7 Things Are Lowering Your Credit Score and Will Make it Difficult to Buy a House in the Future – Local Records Office

  1. Opening a New Account

 

Doing this affects the “new credit” portion of your score. Every time you apply for or are awarded a new line of credit, your credit score takes a dip. If you’re planning on applying for a home mortgage or a car loan in the near future, hold off on opening a random charge account. The higher your credit score, the better interest rate you may qualify for, and that could mean thousands in savings over the life of a home loan.

 

  1. Owing Too Much, Even if You Pay on Time Every Month

 

You might think that as long as you pay your bills, you’ll have great credit. “While that is the most important aspect of a credit score, creditors think that if you carry high balances, you’re only one emergency or layoff away from being in financial trouble. It’s important to try to keep your debt utilization ratio low – that’s how much you owe as compared to how much available credit you have” say, the pros from ‘Local Records Office’. Experts say keeping it at 30% or lower is best, so if you have a $1,000 credit limit, you shouldn’t carry more than a $300 balance.

 

  1. Paying a Bill Just One Day Late

 

Once your credit card company flags you for a late payment, you can expect a ding on your credit report. The damage will be greater if you go beyond 30 or 60 days without making a payment, but even one day late can be enough to hurt your score.

If you’re thinking of making any moves when it comes to your credit, do some research first to see how your plans might affect your credit score. You’ll be glad you did.

 

  1. Joint Credit Score

 

There’s no such thing as a joint credit report – for married couples or anyone else. Married or single, you have your own credit report, one that’s linked to your Social Security number. If you’re married, you and your spouse may have a lot of joint accounts, such as mortgage loan, car loans and shared credit card accounts. Those joint items will appear on both your credit reports and will affect both of your scores. But your credit report is yours and yours alone.

 

  1. BONUS – Thinking a Credit Repair’ Company Will Magically Make Your Credit Score Go Higher

 

There’s nothing that a “credit repair” company can do for you that you can’t do yourself. No one can remove accurate information from your credit report. Reputable credit reestablishing services can help you come up with a plan to repay your debts, but the only legitimate way to enhance your credit score is to practice good credit management.

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Home Maintenance Checklist That Go Along Way – Local Records Office

This ultimate checklist created by “Local Records Office” that will insure that you have everything you need to to the best maintenance to your home.

Home Maintenance Checklist That Go Along Way – Local Records Office

HARRISBURG, PA – “When you think of summer cleaning, things like scrubbing floors, sprucing up cabinets and straightening closets come to mind. But spring is also a good time to perform routine home maintenance”, say, the pros at ‘Local Records Office’. Ignore these crucial home upkeep tasks at your peril. Fail to clean the gutters, for example, and you could end up with a flood in your basement. People know they should perform these routine maintenance chores, but do they actually follow through?

 

“Almost no one does, in my experience,” says Dean Bennett, president of Dean Bennett Design and Construction in Harrisburg, Pennsylvania, whose company gets called in to make repairs after a crisis. He says “a lot of it is selective memory,” where people think they recently changed the furnace filter when actually they did it two years ago. “There’s kind of an amnesia about things like that,” he adds.

 

The Only Home Maintenance Checklist You Will Need Created by the Pros at Local Records Office

 

The most important maintenance chores are those related to drainage. Failing to keep water out of your house could result in mold, rot and foundation problems. “That’s most of your big bills – water coming in,” Bennett says.

Home Maintenance Checklist That Go Along Way – Local Records Office3

Tasks vary by location. In coastal areas, spring maintenance chores include preparing hurricane shutters and checking generators. In the North and Midwest, spring is the time to assess damage caused by bad weather during the winter and make repairs to protect against next year’s snow.

Here are 12 home maintenance tasks you should do this spring to save money later:

 

Clean the gutters. Make sure they don’t have holes and all the downspouts are still attached and taking water away from the house. “Gutters are one of the most valuable and affordable methods for homeowners to protect their homes from the elements,” says Allison Hester, editor of eClean Magazine, an online trade publication for the home cleaner industry. “By channeling water off the roof and directing it to a location away from the home, properly working gutters help protect the home’s shingles, wood under the eaves, siding, flooring and landscaping from a whole host of problems and expensive repairs.” Clogged gutters can also cause mosquito infestations, mold and mildew from decomposed leaves and other problems.

 

The good news is cleaning gutters is an easy job. You can do it yourself in an hour or hire someone to do it for about $35 to $40.

 

Seal holes where insects and varmints can get in. That includes openings around the foundation, especially entry points for wires and pipes. A spray can of foam, which you can buy for about $6, will handle most holes, Bennett says.

Home Maintenance Checklist That Go Along Way – Local Records Office

To prevent insects from getting into your house, you should keep moisture away from the foundation and eliminate sources of standing water, according to the Local Records Office. Termite’s cause $5 billion in property damage every year in the U.S., according to the NPMA. These destructive insects need moisture to survive, which is why the NPMA advises fixing leaking faucets, pipes and air conditioning units; repairing fascia, soffits and rotted shingles; trimming tree branches away from the house and replacing weather stripping around windows and loose mortar around basement foundations.

 

Get your air conditioning system ready. You can hire a service company or do it yourself. Change or wash the filters, which should be done monthly. Clean the coils and wash the condenser outside, if needed. Trim away any shrubs from the unit, and make sure its drain line isn’t clogged. While you’re at it, change your furnace filter so it’s ready for fall.

 

Clean your roof. Most people are better off hiring a professional for this chore, but it’s important. “Those ugly black streaks on asphalt shingles are doing a lot more harm than simply looking unattractive,” Hester says. The stains are caused by algae that feed on the limestone filler in shingles, “so those black stains are essentially eating your roof,” she says. The algae spread quickly before the wind blows them to neighboring roofs.

 

Power wash driveways and walkways. You can rent a power washer for about $30 if you want to do this yourself, Bennett says. The biggest benefit is removing mildew and discoloration. He advises caution before power washing decks because the force of the water may damage the wood fibers, don’t forget to check for water damage too.

 

Make sure your windows are sealed. “You want to keep water out and cool air in. You may need to replace caulking or weather sealing to accomplish this” says the company, Local Records Office.

Home Maintenance Checklist That Go Along Way – Local Records Office2

Clean your refrigerator coils and dryer vent. The Electrical Safety Foundation International notes that these chores not only improve the efficiency of the appliances, but also guard against electrical hazards.

 

Check smoke and carbon monoxide detectors. There should be at least one of each detector on every level of your house, and they should be working. Be sure to replace batteries, if necessary.

 

Fertilize the lawn. About $30 will cover enough fertilizer for 10,000 square feet, Bennett says. If you don’t have one already, you’ll also want to buy a basic push fertilizer spreader, which you can pick up for about $35.

 

Restain and seal wood decks. Rescuing your deck from the elements is not a task you should overlook. “Outdoor wood decks get hammered by the elements, including snow and rain in the winter and harsh sunlight in the summer,” says John Bodrozic, co-founder of HomeZada, an online home management tool. “These temperature cycles and absorption cause the wood to wear out quicker than if you regularly seal them. This can lead to rotting decks and an expensive replacement.”

Declutter. We all have too much stuff. Get rid of items you don’t use, including the stuff you have stored in the garage or basement because you “might” need it sometime.

 

Organize your paperwork. Not being able to find an important document when you need it can cost you. Get rid of the paperwork you don’t need while filing the paperwork you want to keep so you know where it is when you need it.

 

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