A strong credit score can be an essential part of purchasing an affordable Boston condo. In addition to ensuring you’re approved for a loan, a good score can also provide you with more favorable interest rates and other perks. If you wish to purchase Boston real estate downtown and want to bring up your credit score, follow these tips.

1. Consolidate Your Debts

When calculating credit scores, the total amount of debt you have is not the only thing that matters. You also need to take into consideration how much debt you have. It’s a good idea to owe money to a lower number of organizations. For example, you can get a higher score by using a loan to pay off balances on all other credit cards.

2. Keep Track of Payments

It might not be a quick and easy solution, but the most effective way of raising your score is maintaining reliable, regular records of paying debts on time. Do everything you can to make sure you pay off your bills by the due date. Set up a calendar with reminders if you’re forgetful, and carefully check your finances to make sure you’re not forgetting anything.

3. Build Credit Wisely

If your credit score is low because you have no history, it might be helpful to open one or two credit card accounts and use them for small purchases you pay off immediately. However, this strategy will not work if your score is low due to a lot of debt. Opening several new accounts can make you look like even more of a risk. Having someone check your score temporarily lowers it a notch, so opening a bunch of accounts you don’t need may just make your score look low for a while.

4. Keep Your Debt Utilization Low

Debt utilization is essentially the amount of available credit you use. To keep it low, it’s important to pay off your debt, especially for things like credit cards. Paying off all debt is the ideal way to raise your score, but if this isn’t possible, try to at least pay enough to keep the balance from being no more than 30 percent of your credit limit. Avoiding having maxed-out cards will make your score higher.

5. Let Old Debt Stay on the Report

When people are trying to boost a credit score, many of them start by trying to remove old, paid-off debts from the score. However, this is a bad idea. Any paid-off debt shows you have a history of being responsible and paying your bills, which will end up raising your score, so you need to leave all records of paid bills on the report. A history of reliable payments on old debt is a good way to boost your score.

Once you have achieved a good credit score, it can help you buy the property of your choice. Whether you’re interested an affordable Boston condo or a Boston Midtown luxury high rise condo, please contact us at 617-720-5454

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Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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