A Nice Reality Check
My husband and I got a nasty reality check when we were denied a loan to remortgage our home. We never thought our credit was bad. We had always been in the medium range and was usually able to get low interest rates on any loans we applied for. Over time we neglected to pay attention to our debt to income ratios. We decided to stop the extra spending and paid our credit cards to more than 30% less than our credit limit. We also paid off a few balances early. We managed to Improve Credit Score and was able to set a budget that we could live with.
