Home Rent to Own | Power of Sale/Foreclosure | Credit Management Have You Been Declined For Home Financing Or Facin | Page 3
CREDIT MANAGEMENT MYTHS
ACCORDING TO HOME OWNER SOON
• My credit will improve if I cancel my credit cards
• While this could be the case for some situations, generally
speaking credit management companies find it preferable
to have at least one active account.
• I am not entitled to credit if my score is low
• There is actually a great deal of things that having a low
credit rating score could damage. For example, you may
not be able to sign a tenancy agreement if the landlord
does not trust you. This can also affect your ability to find a
job as well as successfully applying for insurance.