Are you in the market for Atlanta real estate? How do you know if you are a good risk? How does a lender decide whether to loan you money for that  new Atlanta home or not?  They look at your credit report to make this decision. They can purchase your credit report from Equifax or one of the other major credit reporting agencies. As part of this process, they will review your credit score. This often puts fears into first-time buyers who don’t understand where this score originates or how their actions (or inactions) impact it over time.  Your credit score is calculated by a number of factors such as your payment history, employment history and all manner of things about you. The higher your score, the more likely you are to be a good risk — and pay back your loan.

    Your credit report shows lenders that you are earnest about your promise to repay your loan. It’s best to view it as a tool that can help you and learn how to make it work for you. A recent post about the

    Four Myths About Your Credit History on the

    Equifax Personal Finance blog puts to rest some of the intimidating myths we’ve all heard about credit reports and could be your first step toward looking at your credit report in a new way and making it work for you as a new home buyer.

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