Do NOT Close Your Credit Cards!

Posted on January 17, 2020

How many times have you heard someone say they can’t buy a home because of their CREDIT?

Credit problems are one of the top reasons people list as the reason they aren’t able to purchase homes, but WITHOUT UNDERSTANDING what makes up your credit score it can be difficult to make EDUCATED choices about fixing your credit.

Your credit score consists of:

➡️ Your Payment History
➡️ Amounts Owed
➡️ Length of Credit History
➡️New Credit
➡️Your Credit Mix

Often times, when people pay down their credit card debt they will decide to close the credit account altogether to avoid adding on more debt. DO NOT DO THIS!

By understanding what factors your credit score is based off, we can see that your LENGTH OF CREDIT HISTORY accounts for 15% of your score! Credit bureaus want to see that you are able to be responsible with, and pay back, your debts over time, sot he length of time the account has been open can have a heavy impact on your score.

Even if you decide to never use a credit card again, actually closing the account WORKS AGAINST YOU and can lower your credit score significantly.

If you’d like to talk about the impact your credit has on purchasing a home
Often times, when people pay down their credit card debt they will decide to close the credit account altogether to avoid adding on more debt. DO NOT DO THIS!

By understanding what factors your credit score is based off, we can see that your LENGTH OF CREDIT HISTORY accounts for 15% of your score! Credit bureaus want to see that you are able to be responsible with, and pay back, your debts over time, sot he length of time the account has been open can have a heavy impact on your score.

Even if you decide to never use a credit card again, actually closing the account WORKS AGAINST YOU and can lower your credit score significantly.

If you’d like to talk about the impact your credit has on purchasing a home COMMENT DOWN BELOW!

To learn more —> https://www.youtube.com/watch?v=LH9UkgnoyD8

Justice Roberts Loan Officer

Justice Roberts

Branch Manager
NMLS# 1269831
206-408-1241
Email Me
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Over the last ten years my family and I have struggled moving from one place to another never staying long anywhere. It was a nightmare changing schools, forwarding mail, packing. Team Justice helped us get the home we've always wanted they helped us put down roots. We are happy to have worked and continue to work with them they go above and beyond. Even helping us refinance. Made buying a home enjoyable.

Viola H.

Justice did a great job with me. Actually better then great. I consider him my life long mortgae man. I highly recommend him and his team. They went above and beyond what they had to do and closed my loan so smoothly and seamlessly and in a very fast time.

Mark D. | Tacoma, WA

The timing of needs and the communication was the best I've ever experienced..bar none! The ease in which documents were submitted and signing of others is phenomenal. I would highly recommend them to anyone I meet..but only if you want exceptional service.

Joseph W. | Tacoma, WA

Justice and his team were an integral part of our home buying process. They made it so easy and explained everything in great detail what we needed to purchase our first home. I would highly recommend this team to anyone. So personable and answered all my questions on the spot with accurate information. Thank you so much!!

Dominique B.

Justice and Jessie where absolutely great to work with, very professional, timely, and on it, I will always do my home lending with them. They made sure to check in with us at least once a week through out the process that lasted over 4 months, not once did I feel like they got tired of working with us or anything. They always have such a great attitude and always wanting to help!

Wascar Carpio

It’s been a pleasure to work with Justice and his team. If you are wanting constant communication through your loan process, immediate response to your questions via email or text, professionalism, and someone to trust as you make a big decision such as buying a home, look no further than Justice and his team. You all have been wonderful to work, thank you again!!

Maria S. | Edmonds, WA

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