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This one cuts to the heart of what lenders really want to know: “Are you going to pay your bills?” says Francis Creighton, president and CEO o…

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These are the two worst items you can have on your credit history — and both will give future lenders pause, says Griffin.

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“A high balance, as compared to the credit limit on your cards, is the second most important factor on your credit score,” says Griffin.

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When you co-sign a credit card or a loan, the entire debt goes on your credit report. So, as far as lenders are concerned, you’re carrying tha…

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“Cash advances, in many cases, indicate desperation,” Ulzheimer says. “You’re generally borrowing from Peter to pay Paul.”

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This one won’t so much scare lenders as cause them to take a second look at what’s going on in your financial life, says Griffin.

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IntroLend

With interest rates currently at a three-year low, it is clear that home values are on the rise. This makes it a great time to purchase a home — especially for first-time buyers. However, buying a home is no cakewalk; it must be handled with great care, and you must be prepared before applying. Here are a few important tips to get you started in the right direction.

1. Pull your credit report

First, check your credit report. Then, search for a mortgage lender who lends to people with your score. Before filling out the papers for a home mortgage loan, you may want to take a peek into your credit file. Having adverse credit can not only limit the amount the lender is willing to let you borrow, but it can also cause you to pay a much higher interest rate in comparison to someone with average to excellent credit. If you have serious debts on your credit file (such as outstanding loans, bankruptcy, or a high amount of debt), this can stop you from even obtaining...

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