Workshop Fourteen

Before you apply for a mortgage, auto loan, or other major financing, you want your credit to be in its strongest possible shape. That means planning ahead—not applying on impulse.

In the months before a big purchase, avoid opening new accounts, keep utilization low, and make all payments on time. Clean up any remaining disputes or errors and know your current score range.

You’ll also want to understand your budget and how much payment you can truly afford, not just what you are approved for. Smart preparation can save you thousands of dollars in interest and stress over the life of the loan.