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At Mountain Financial Mortgage we are committed to helping our customers achieve their financial goals. Our Loan Originators take the time to understand each client's unique financial situation in order to provide the lending solutions that best meet their individual needs. 

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Reestablishing Your Credit History

Credit issues and bad credit can happen to anyone.

If it happens to you…….don’t worry, there are steps that you can take to improve your credit worthiness and your credit score.

It is important to know that reestablishing your credit history is not something that you are going to be able to do overnight. I suggest thinking of this as a long term project that you are doing for yourself and in time you should start seeing results. The payoff is worth it, your credit score is important as it affects the interest rate you are offered on new loans, credit cards and even your insurance rates.

The key toward reestablishing your credit worthiness is to demonstrate your ability to repay a variety of accounts in a timely manner. Lenders like to see at least 4 different accounts with a minimum of $1,000 high credit showing a 12 month on-time payment history.

Getting Started: Applying for new credit

  • Apply for a credit card at your bank, credit union or department store.

  • Go to to shop for credit card offers. Read the terms of the card carefully, some cards have an upfront fee and a monthly fee. If these fees are reasonable then you might consider opening this type of card.

  • Open a secured credit card. Even if it is only for a couple hundred dollars it is a start toward rebuilding your credit.

  • If you can’t qualify on your own, consider asking a friend or family member if they will co-sign for you to take out a small credit card account of bank installment loan.

After you get approved:

  • Use the account in moderation each month.

  • Make the payment on-time and pay more than the minimum monthly payment due.

  • Keep credit card balances under 30% of credit limit at all times.

  • Wait 3 months before applying for new credit.

Check your progress:

Go to to get your free credit report annually from each of the bureaus. It is a good idea to pull a different bureau every four months, that way you are always aware of what is being reported.

Teresa Kahler | Mortgage Loan Originator | Mountain Financial Mortgage Group, Inc.

Teresa Kahler has been originating mortgage loans for more than 25-years and has been an Independent Broker/Owner since 1994. Contact Teresa if you are interested in learning about the loan options that may be available to you.

Teresa Kahler

Mortgage Loan Originator

Direct 561-573-4822

Office 303-838-7300

NMLS #229392 Regulated by the division of Real Estate LMB #100009566

Mountain Financial Mortgage Group, Inc.

25587 Conifer Rd #105-112

Conifer, CO 80433

NMLS #321427