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Advice To Help You Raise Your Credit Score


The Old Credit Valley Railway Station / Streetsviille / Ontario
credit repair

Image by bill barber
The Credit Valley Railway Station was constructed in 1879. Originally, it stood outside the northern boundary of Streetsville. In 1914, it was moved to its present location on Wellington Street, just five doors south of us.

For many years, it was the first home for numerous Streetsville families who remember it fondly.

When we first moved to Streetsville in 1986, it was owned by McBride (Mac) Hunter, who, along with his son, Hugh, operated a garage directly north of the building. Mac belonged to the Mississauga Antique Car Club, and every first Sunday in May the club members brought their vintage cars to Mac’s garage for inspection. The cars were parked along both sides of our street while owners waited their turns. My father- and mother-in-law would come over and we’d sit on our porch to watch the spectacle. Mac always wore his duster and cap. He’s been gone for a good while now.

The station was purchased by someone who left it pretty much empty while he figured out what to do with it. A couple of years ago, he petitioned the City of Mississauga to allow him to redevelop the property for a small condo. The Streetsville Historical Society was ready to move the building to a site by our legion hall, but plans seem stalled. Recently the owner repaired and re-shingled the roof, so I guess the station will be saved in its present location. For years it has been designated as a heritage site by the city. It’s a great old building, and some of my flickr friends have seen it several times before on my stream.

Links
www.flickr.com/search/?s=int&w=all&q="Credit…
www.flickr.com/photos/striderv/2768951330/
home.primus.ca/~robkath/railcv.htm
kb.creditvalleyexplorer.com/
72.14.205.104/search?q=cache:IkW-gDAl60EJ:www.muskokacomp…
www.flickr.com/photos/striderv/2768951330/

Post Processing:
PhotoShop Elements: erased overhead wires, sharpened, sandstone filter

Seen in my set entitled, "My Town…Streetsville"
www.flickr.com/photos/21861018@N00/sets/72157600421957589/

Do you constantly worry about your credit report? These tips can help you properly repair your credit so that you can have a top notch credit score.

A good credit report means you are more likely to get financing for a home. When your mortgage is paid in full, you will be rewarded with increased scores on your credit file. When you own your own home it shows that you have assets and financial stability. If you have to take out a loan, this will help you.

Continuously maintaining a bank account is a great way to show credit worthiness. It is difficult to show you are capable of paying your bills if you do not have a checking account. Having a savings account is a great way to show that you are preparing for the future and not living pay check to pay check. Creditors want to see that you are responsible, and good bank accounts with no overdrafts and returned checks show this.

Getting a traditional home loan can be difficult, if not impossible, with imperfect credit. If you do have poor credit, try to get a FHA loan because there is a guarantee that it will be given to you. You may even qualify for an FHA loan if you don’t have enough money for a down payment or the closing costs.

Unfortunately, sometimes you have more debts than you have money to pay them off. You should spread out the money you do have to spend so that all of your creditors get a share. Even making the monthly minimum payment will keep the creditors at bay, and stop them from hiring a collection agency.

Pay down any credit cards with a balance in excess of 50%, preferably getting them down to 30%. Once your balance reaches 50%, your rating starts to really dip. At that point, it is ideal to pay off your cards altogether, but if not, try to spread out the debt.

If you make a decent income, consider an installment account when you want to give your credit score a boost. With this sort of an account, you need to keep a minimum. By successfully handling the installment account, you will help to improve your credit rating.

Give the credit card companies a call and find out if they will lower your credit limit. It will help to keep spending under control, and also sends a positive message to potential lenders. This means you might have a better opportunity of obtaining necessary loans in the future.

Consider joining a credit union. They offer a lot of benefits to their members and it can be easier to obtain a line of credit from them. They have opportunities that other banks can’t match since they are local, and don’t have to follow some of the same regulations.

By maintaining a good credit score, you can decrease your interest rate. By doing this your monthly payments will be easier to afford and your bill will be paid off faster. The key to paid off credit is to find a great offer and a competitive rate so that you can pay off your debt and get a better credit score.

If you are able to get a payment plan worked out with any of your creditors, make sure you get the terms in writing. If there is a change of heart, this paper will protect you. Every time you get a debt paid off, ask the company to notify the credit bureaus.

Now you can see that your credit report does not need to be the cause of stress. You do have the ability to fix your credit. Following these tips can get you the credit card report you’ve been wishing for.