While most mortgage applicants know a good credit score is a key element for a loan approval, not everyone realizes raising your credit score by even a few points can make the difference between qualifying for a mortgage or not. In addition, if you are applying for a conventional mortgage rather than an FHA-insured home loan, you can pay a lower interest rate if you are able to boost your credit score into the next level.

Loophole to beat foreclosure by failing to pay your mortgage does not usually end up with you outright owning your home. In fact, that’s usually the exact opposite of what happens but a New Jersey man defaulted on his mortgage and ended up retaining ownership of his home, by court order.

Many credit card issuers now offer free credit scores for free every month to their customers. It might not seem like a big deal being able to track your credit score month over month but having a credit card that provides this benefit will help you keep on top of your credit.

In an effort to help customers succeed financially, Wells Fargo (NYSE: WFC) is offering its customers their free consumer credit score and complimentary credit report through Nov. 16, 2014. For more information about this limited time promotion, visit https://www.wellsfargo.com/freecreditscore for more information.

So, you want to rebuild your credit score but you have horrible credit right now — one choice is getting approved for Capital One Rebuilder credit card which usually starts cardholders with a $300 dollar credit limit.