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Credit Do's and Don'ts
Here is a list of helpful tips to ensure an effortless loan process. These DO’s and DON’Ts will help avoid any delays with your loan approval.
- DO continue making your mortgage or rent payments - DO stay current on all existing accounts - DO keep working at your current employer - DO keep your same insurance company - DO continue living at your current residence - DO continue to use your credit as normal - DO call us if you have any questions - DON’T make a major purchase (car, boat, fur, jewelry, etc.) - DON’T apply for new credit (even if you seem pre-approved) - DON’T open a new credit card - DON’T transfer any balances from one account to another - DON’T pay off charge offs without a discussion with us first - DON’T pay off collections without a discussion with us first - DON’T buy any furniture - DON’T close any credit card accounts - DON’T change bank accounts - DON’T max out or over charge on your credit card accounts - DON’T consolidate your debt onto 1 or 2 credit cards - DON’T take out a new loan - DON’T start any home improvement projects - DON’T finance any elective medical procedure - DON’T open a new cellular phone account - DON’T join a new fitness club - DON’T pay off any loans or credit cards without discussing it with us
If you encounter a special situation, it is best to mention it to us right away so we can help you determine the best way to achieve your goals.
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