One of the best ways to save big money on a big loan is to first do your homework and know your own credit standing. This is important because raising your credit score by as little as 40 points could qualify you for a lower interest on a home mortgage, auto, student, or personal loan. Sounds worth it right?
The first step would be to pull your report to get a glimpse at what lenders will see and to correct any lingering errors. Second, you want to make sure you’ve established some credit history. And third, eliminate collections by paying your bills on time because payment history accounts for 35% of your credit score. These are just a few, take a glance at the other ways you can raise your fico score on FoxBusiness.com.