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Your credit score has a critical impact on your housing options, and healthy credit is essential to buying a home or renting one. "An important step to finding a home, whether you're renting or buying, is ensuring that you have a good credit history," says Frank Keating, president and CEO of the American Bankers Association (ABA). "A strong credit score can open doors to better homes and lower mortgage rates."
To build a good credit history, the ABA recommends adopting these habits.
1. Request a copy of your credit report–and make sure it is correct. Your credit report illustrates your credit performance, and it needs to be accurate so that you can apply for other loans, such as a mortgage. Everyone is entitled to receive a free copy of his or her credit report annually from each of th...
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