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Sky Financial Loans
Sky Financial Loans    
Sky Financial Loans


Why Choose
Sky Financial?

    • No Closing Cost
    • Competitive Rates
    • Among the Lowest
      Rates in the Industry
    • Flexible Hours
    • Over A Decade Of
    • Free Pre-Approvals
    • Quick Turn Around

Improve Credit

The minimum credit score to be able to qualify for a mortgage in today's market is now a 580 middle credit score. If you feel that your current credit rating may not be high enough to qualify for a loan, there are many steps you can take to improve your rating within 3-6 months. Here are some tips:

  1. Run your credit score & review the credit report
    1. Being aware of your credit score, including total debt and obligations, is the first step toward improving your score.
    2. Check the credit report for incorrect information. If an error is found, notify the credit reporting agency.
    3. You can run your credit score for free at
  2. Make payments on time
    1. Over time this will help to increase your credit score by proving that you are responsible with debt
    2. Pay your credit card debt down before they create your monthly statement. This will a lower monthly payment while still showing that you use the credit card.
  3. Lower your current debt obligations
    1. Pay down high interest credit cards or loans
    2. Reduce your monthly payments by paying off debt with high payment to balance ratios
  4. Increase your total line of credit
    1. The goal is to increase your debt to credit limit ratio
    2. Request credit line increases on your current credit cards
  5. Open new accounts
    1. In the short term, this will decrease your credit score but proving that you can responsibly handle these new accounts, with on time payments, will increase your score over time
    2. Opening new accounts also shows that you can maintain a healthy mixture of different types of debt

If you have bad credit or no credit history, you should do the following minimum steps to improve your credit in 3 to 12 months:

1. Open a secured credit card or get approved for credit card with a low limit at
2. Charge a minimum amount, just 1 transaction a month
3. Pay off the balance each month, preferably before the monthly statement is created by the credit card company (even though the statement balance is zero, the credit agencies will still see that you used the card)

If you have any other questions about how to improve your credit, please contact any of our loan specialists to review your current situation and offer advice.

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Sky Financial Loans

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Hours: Monday - Friday 9:00am to 6:00pm Weekends by Appointment
Sky Financial Services, Inc. 5540 West Valley Road, Center Valley, PA 18034 - Phone: 610-282-3000
NMLS ID # 141744 Licensed by the Pennsylvania Department of Banking