Do you have any dream to buy a home in US? If yes, then make sure that you have a good credit. It means you will have to have low credit card debts and you need to have adequate money in hand to pay all your existing bills. If your credit score is not good then you need to wait before you look for an option of mortgage.
Your credit indicates that how responsible you are in making payment. If currently you have some pending bills or if ever you been defaulter in past then it becomes a negative sign on your credit history. Mortgage companies always try to check your payment capabilities. Otherwise they will be in risk by lending you the money. They will never approve you the loan if they will notice any negative payment history. If you will have huge credit card debt then also it does not look good on your report and mortgage companies will think that you are living off the borrowed money and you are simply poor on the ground of personal finance and you spend money more than you earn.
If you want to apply for a mortgage then the basic work for you would be to clean your credit report. You need to have a good reputation in making payment for at least one year. It will be good if you can keep the credit card debt down to 10% or less than that. In between don’t go for applying new credit. Otherwise it will indicate that you are trying to have more money in your hand. If you have any previous dues then clear them off as soon as possible. If you are receiving any collection calls then try to negotiate with the collection agencies and settle all your debts.
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