By your wisdom and understanding

By your wisdom and understanding you have gained wealth for yourself and amassed gold and silver in your treasuries. Ezekial 28:4

So Who Gets the Credit? One of the biggest factors in obtaining a mortgage is your credit history. It is important to know your credit score and keep track of your financial position when considering your mortgage options. A low credit score certainly does not mean you will never be able to purchase a home. In most cases, a negative credit history can be turned around by following a biblical advice. Proverbs 27:23-24 teaches "Be sure you know the condition of your flocks, give careful attention to your herds; for riches do not endure forever and a crown is not secure for all generations,". While we may not all have flocks or herds, God has provided us with individual forms of income. Paying careful attention to our finances and knowing the "condition" of our financial world doesn't just happen. We must be diligent and keep a careful watch.

Your credit report details your credit habits from the day you began purchasing items on credit to the present. To ensure a good credit history, do the following:

Pay your bills on time. If you don't have a long credit history, this is the most important thing you can do to get a high credit score.
Don’t have too many open lines of credit, particularly revolving credit such as credit cards.
Pay credit card balances completely each month.
If you must keep balances on your credit cards, don’t max out one card while maintaining smaller balances on others. Try to keep a small balance on each card.
Avoid bankruptcy and tax problems.
Regularly monitor your credit report for identity theft or reporting errors. Federal law allows you to get one free copy of your credit report per year.

Lower credit ratings may indicate that you are a credit risk. Lower ratings decrease your chances of obtaining loans for a car or house.