If you are planning on applying for a loan anytime in the near future, here are some helpful to avoid credit mistakes many borrowers make during the loan process.

Here's the Top 10:

1. Don't apply for new credit of any kind!

2. Don't payoff collections or charge offs!

3. Don't close credit card accounts!

4. Don't max out or over charge your credit card accounts!

5. Don't consolidate your debt onto 1 or 2 credit cards!

6. Don't do anything to cause a "red flag" to be raised by the scoring system (adding new accounts, cosigning a loan, etc.)

7. Do join a credit watch program!

8. Do stay current on existing accounts!

9. Do continue to use your credit as normal!

10. Do call your loan originator if you receive correspondence with a creditor or collection agency!

For more detailed information about these Do's and Don'ts, just give us a call at 910-202-2546 or email at melaniecameron@seacoastrealty.com