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Check your credit reportto determine your ability to finance investment property. Most lenders today require 700 or better scores from borrowers who want to buy investment property. Also make sure that your total debt-to-monthly-income ratio is low. Often it makes sense to pay down outstanding credit card debt or car loans in order to improve your debt ratios. Youre entitled to one free credit report per year from the three major credit bureaus (Trans Union Equifax and Experian) but theyll…


Here's where you can actually get a credit score for free


When using credit reports to screen new buyers, property managers and associations will soon see more information. Homeowner Association (HOA) payments will be included on credit reports. Sperlonga Data & Analytics, a credit data aggregator, announced an agreement to furnish homeowner association payment and account status data to Equifax, one of the three major credit reporting agencies along with Transunion and Experian.

from Forbes

The Sweeping Changes That Could Raise Your Credit Score

Under a major overhaul by the credit bureaus announced Monday, unpaid medical bills will be treated differently and errors on your credit report could become easier to fix. The changes, applauded by consumer advocates, come as a result of an agreement between the big three credit bureaus, Experian, Equifax and TransUnion, and New York Attorney General Eric [...]