Financial & Taxes

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It seems silly that one simple credit card can be the factor which qualifies you to purchase your home. Truth can be stranger than fiction. Sometimes, establishing or demonstrating an ability to successfully maintain long-term debt is the only standing between you and the home of your dreams.

Before you rush down to the nearest department store to apply for a credit card and receive a free set of steak knives, keep this in mind: not all credit cards are created equal. Lenders tend to look upon department store credit cards, gas station credit cards and the like as signs that you depend on them because you can’t actually afford the things you buy with them. Clothing, tires, various household goods…not the ideal and can actually count against you instead

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