6 Surprising Things That Can Sabotage Your Credit Score

If you’re hunting for a house and a mortgage,crushed-by-credit you’ve probably heard that your credit score will affect your buying power big-time, because lenders use your credit score to determine whether to give you a loan, and at what rate.

Odds are you also know that your credit score will suffer badly if you make credit card payments late, or miss them entirely. So as long as you’re current on those payments you should be fine, right?

Not exactly. Thing is, credit scores are tallied using a whole slew of factors, and they aren’t always as straightforward as whether you’ve paid your bills. Just so you’re clued in to these surprising credit score saboteurs, check out this list to make sure you aren’t destroying your home-buying odds without even knowing it.

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A Rent-Back Agreement Can Protect Your New Home

After months of house hunting, rentbackyou’ve finally found your dream home and the seller has accepted your bid. But there’s one problem—the seller isn’t ready to move out.

In such a case, a seller might want to go ahead and close on the home in order to have enough money to buy a new home. But in the interim, the seller needs a place to live. Linda Sanderfoot, a real estate agent at Coldwell Banker in Neenah, Wisconsin says that if you decide to let the seller stay, a rent-back agreement can protect you.

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