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Clean Up To House Up: Your Credit History And You

Clean Up To House Up: Your Credit History And You

Blemishes and events we’d rather not remember have one thing in common: they can be wiped off. Whether the blemish is on your shirt, furniture, or credit history, it can be cleaned up. Clearly, a tarnished credit history should not prevent you from owning a house. Late payments, repossessions, write-offs, and bankruptcy are sure to leave stains in your credit history the size of a crater. The good news is that they can be cleaned. The bad news is that it cannot be done overnight. In fact, cleaning up your credit history would most likely take you a year at the very least.

You Can’t Clean House Without Cleaning Up Your Credit History
A home mortgage lender is a businessman who will not fork out any sum without the assurance of getting it back. This is why home mortgage lenders verify would-be homeowners’ credit history before granting them their loans. Credit history is as good an indicator as any of a borrower’s willingness to pay off debts on time. For the same reason, blemished credit history make home mortgage lenders nervous – and with good reason, too! Think about it. If you are a home mortgage lender, wouldn’t you quail in your shoes at the possibility of not getting repaid?

Spotting the Spots
While home mortgage lenders would rather have borrowers with pristine credit history, they don’t shut the doors on borrowers with smudges on their ratings. In fact, home mortgage lenders are very understanding when it comes to late payments and reporting errors. They are not as forgiving, however, of unpaid debts or loans that have been written off as bad debts by creditors.

So, what kind of spots do home mortgage lenders look for in your credit history? They’re on the look-out for old, outstanding debts and bad debts incurred anytime during the last 12 to 24 months.

Spots No Maid Can Clean
If your credit history is riddled with old, outstanding debts and recent debts, don’t call the maid or a credit repair company. Many credit repair companies promise you miracles. They swear they can clean up your credit record overnight. Always take claims like this with a grain of salt. The only person who can clean up your credit history is you. How do you go about this mission?

* Pay your current bills on time. Continue doing so because this will reflect favorably on your credit history.

* Avoid borrowing anything while you haven’t fully paid off your debts. Not only should you work at getting out of debt, you should also focus on staying out of it.

* If you have many loans to pay off, work out a schedule for eliminating as many of them as you can. Many home mortgage lenders do not grant loans to people who owe too much. As a rule of thumb, mortgage payments should not go over 36 to 38 percent of your monthly obligations, the amount of which is a combination of your credit card payments, child support, alimony, student loans, and the like.

Blemishes are seldom permanent. If anyone with a rag can wipe smudges off a coffee table, you can do the same, too, with your credit history.

Home Security (5)

Home Security

You may not believe it but most burglars do not plan their break ins. They are crimes of opportunity. They pick what appears to be a simple target. If they see a greater risk than they anticipated, they move onto a safer target. Therefore the more effort you take to keep your home from seeming to be a simple target, the safer you will be.
A multilayered structure is the best way to approach arranging your home security, and the first layer is the landscaping and other features of your yard.
Landscaping and Yard Security
A few simple changes to your landscaping can help to protect your home from would be burglars. They are looking for a home they can get into and out of quickly; the more time they spend in your home the more chance of getting caught. Their best target is a home surrounded by tall hedges and shrubs, which restricts visibility from the street and your neighbours’ houses.
Trim your shrubbery and trees so that your doors and windows can be seen by neighbors, and from the street, by forgoing a little privacy you will not be providing a hiding place for a burglar. If you have more than one floor, prune trees away from upper floor windows to prevent an intruder using them as a ladder, also make sure any trellises won’t provide a convenient ladder to gain entry to the upper floors.
All planting close to the sidewalk, driveways, doors or gates, should be kept low say no more than two feet in height. As you move further away from the sidewalk you can increase the height but keep it down to no more than four feet.
Any plant under the window should be kept below the windowsill.
Trees should have their lower branches trimmed to at least seven feet off the ground.
Be sure to keep your lawn trimmed; an uncut lawn will indicate to a potential burglar that you have been away from your home for some time.
By placing gravel on the ground under windows you will be warned if someone walks on it, this can be a useful psychological deterrent. Remember not to have any large rocks or stones near glass windows or doors. There’s no point in providing a burglar with his tools!
Plant spiny (thorny) plants along fences and under windows, and on border fences, roses are ideal. Protecting your home with spiny plants is as good as using barbed wire, and it looks a lot better too.
Street Numbers.
Make sure your house number can be seen easily from the street. This can save time for the police and emergency services if they need to find your home.
It is best to use numbers made of reflective materials, or alternatively black on white, they should be at least six inches high to facilitate visibility from the street. Keep the number clean and trim any plants, so it can be seen. The number should be illuminated and near the front door or the garage entrance.
Limiting Access to Yards and Store Rooms:
The main thing burglars are looking for is an obstruction free and speedy exit. Fences will stop burglars from carrying away your larger processions, if the gates are locked. Gates should be locked at all times!
Make sure that any ladders and tools are stored in a garage or a storage shed, and these should be locked when not in use. To increase security chain your ladder to the wall of the garage when it is not being used.
The idea is to use the landscaping to control access to your property. Proper fencing hedges etc. create barriers that will make a potential burglar feel uncomfortable as they approach your home, but will not prevent a neighbour or passer by from seeing any unusual activity.
I will be covering additional steps you can take to improve your home security in the next article in this series.

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