65beezer

Credit score is very important when buying a house. Most of us don't have the luxury to buy a house with all cash. Since most of us need to borrow money to buy a house your credit rating can mean the world of a difference in not only if you get the house you want, but also how much interest you will have to pay to get the house. With a poor score you may end up paying $800 a month while someone with a good score might only pay $700 a month for the same house.

Get in the habit of using your credit cards. You can pay them off at the end of the month and not accrue interest. Credit card companies or Banks are in the business of making money, they make money off every transaction using your credit card. If you are not using your card they are not making any money and for that reason they will not desire to do business with you. In that case they will close your account and your credit score will suffer as a warning to other credit card issuers that you are not a prefered client. My suggestion for you would be find credit cards that offer rewards, something like capitol one venture. Use it often racking up miles and then paying the bill before the end of the month so you don't pay interest. You will get rewards that can be used for items like Airplane tickets.

It  will stay on your record for 7 years from the day you were considered late. If its over 7 years then you can challenge it with the credit agency and they will remove it.