Wednesday, May 15, 2013

How buying a house can hurt your credit

http://money.msn.com/saving-money-tips/post.aspx?post=dd95ae95-d2a3-4d08-861c-2f8be4c8174b

Home buying can hurt your credit- if you're not careful. There are 4 finanical obsticales that can hurt your creadit. The first one is taking to long to shop for a mortgage if it takes over the 14-45 day window shop for an interest rate that isn't too high. The second one is keeping up with your mortgage payments because of you get behind, it will affect your credit score. The third one is forgetting to let everyone know you moved, because if creditors are sending bills to the wrong address, you may get behind on payments. The last one is just the high cost of moving day. It will require a lot of money for bills and utilities, which might make people go over their budget.

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