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.