How to Increase your Credit after a Short Sale!!!!

 What is a short sale
A short sale is when a bank allows the owner or mortgage holder to sell the home for less than owed on the mortgage. A short sale is an alternative to foreclosure, both the short sale and foreclosure has an adverse affect on credit rating. There are ways to increase your credit score after the short sale. Its not guareented to increase your credit score immediately but it will help in the long run. Please see below for few steps to increase your credit to purchase a home after the short sle

1. Order a copy of your credit report. More than 80% of credit reports have mistakes, so order copies of your credit report from all three major credit bureaus – Experian, TransUnion, and Equifax. Review your credit report to make sure there are erroneous reportings. If there any errors contact the credit bureaus and dispute them.
2. Continue to pay on your existing accounts. To increase you credit score, you have to make on-time payments with your current open accounts. Continue to pay them, because the length of an open account will help increase your credit. Make sure you have different types of revolving credit account such as: a gas card, a store credit line, secured credit card etc. Remember try to pay the cards off each month or keep the balance very low
3. Open a secured line of credit . If you cannot get approved for a unsecured card, you can probably qualify for a secured credit card. A secured card allows you to make a deposit, that deposit is used. Normally you can open a secured card thru your local bank; once the deposit is made and you begin to use the card, it will report to the credit bureaus. For more information contact your local bank

Please feel free to call or email with any questions or concerns

Ainsley Daux
Florida Realty
(813)546-1954


Florida Realty
902 w Lumsden rd
Florida Realty
(813)546-1954

Tampa Bay Short Sales.
Tampa Homes for Sale