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Commercial Real Estate in Key West & the Florida Keys by RE/MAXCommercial Real Estate in Key West & the Florida Keys by RE/MAX

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The Three Best Ways To Improve Your Credit Score

You need good credit to obtain just about everything in life – a car, a home, and sometimes even employment! It doesn’t take much to cause a score to drop, but fortunately, there are many ways to improve a credit score as well. Understanding the basics of what a credit score is comprised of can help, but the main thing you need to improve your score is a bit of time and patience. Those things are sometimes hard to come by when you’re feeling under pressure, but they pay off dividends in the long run.

The Three Best Ways To Improve Your Credit Score

  • Pay all your bills on time, every month.
  • Keep a low debt-to-credit ratio.
  • Have a variety of loans, but don’t acquire them too quickly.

It’s not rocket science, but in the hustle and bustle of daily life, it becomes easy to let a payment slip by unnoticed by you. Your lender definitely notices, though! To avoid this, you can set up scheduled payments through your bank, usually for free, and that way you don’t have to worry about anything other than making sure you don’t overspend so that you have the funds available when they are drafted.

Debt-to-credit ratio is a “major impact” factor, but most people are wholly unaware of it. To break it down easily, it is how much credit you have spent compared to how much you actually have. For instance, if you have a credit card with a $15,000 limit, and you’ve charged all $15,000, you have 100% debt-to-credit ratio, and that isn’t good for your credit score. That also means you’re paying a ton of interest each month if you’re paying only minimum payments. The magic formula is to keep your ratio at less than 30% – so if you have a credit card with a $15,000 credit limit, don’t carry a balance of more than about $4,000, and less than that is even better. Its optimal to pay off your credit card every month. If you do pay off a credit card, don’t close it. Leave it open, because that available credit still shows on your credit report, and counts greatly in your favor.

Lenders also like to see that you can handle a variety of loans (auto, mortgage, credit card, student loan) but don’t acquire them all at the same time. That will be difficult for you on a personal level, but it will also lead to a bunch of inquiries into your credit, which can drop your score.

Hot Key West Business Opportunities

1 Henry Morgan Road W 1 $38,000,000

1 Henry Morgan Road W 1 OTHER, Florida

99 Beds 119 Baths

1 Infinity Bay Road W 145 $28,000,000

1 Infinity Bay Road W 145 OTHER, Florida

99 Beds 170 Baths

1 Media Luna Resort Road W 126 $26,000,000

1 Media Luna Resort Road W 126 OTHER, Florida

99 Beds 109 Baths

1 SEA GRAPE PLANTATION RESORT Road W $10,000,000

1 SEA GRAPE PLANTATION RESORT Road W OTHER, Florida

30 Beds 33 Baths

27340 Overseas Highway $6,900,000

27340 Overseas Highway Ramrod, Florida

3,969 SqFt

1 Lands End  West End Roatan W $6,750,000

1 Lands End West End Roatan W OTHER, Florida

25 Beds 27 Baths

328 Whitehead Street $4,995,000

328 Whitehead Street KEY WEST, Florida

5 Beds 5 Baths 2,759 SqFt 0.330 Acres

7537 Overseas Highway $3,495,000

7537 Overseas Highway MARATHON, Florida

6,750 SqFt

91865 Overseas Highway $2,300,000

91865 Overseas Highway Tavernier, Florida

15 Beds 10 Baths 10,150 SqFt

100150 Overseas Highway $2,100,000

100150 Overseas Highway KEY LARGO, Florida

58835 Overseas Highway $1,499,000

58835 Overseas Highway MARATHON, Florida

3,414 SqFt

1000 Eaton Street $1,200,000

1000 Eaton Street KEY WEST, Florida

1 Baths 989 SqFt

Pirates Road $799,000

Pirates Road Cudjoe, Florida

Pirates Road $799,000

Pirates Road Cudjoe, Florida

2.200 Acres

Pirates Road $799,000

Pirates Road Cudjoe, Florida

96,547 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!

In the meantime, check out these 1-click searches:

  • All Businesses for Sale
  • Office Buildings
  • Hotels, Motels & Bed & Breakfasts
  • Bars & Restaurants
  • Marinas for Sale in Key West
  • Investment Properties
  • Business Opportunities

Newest Key West Commercial Properties on the Market

Stand-alone CBS office building now being offered for sale is located in a high-visibility, high-traffic area on Flagler Avenue near Key West High School. The building has 5 offices, a common lobby, common bathroom and off-street parking for 6 vehicles. One of the larger offices has a private full bathroom. Listed at a 5% cap rate, this solid investment provides stable rental income, easy entry into the vibrant Key West real estate market and/or an exclusive building for a business.  In 2006, sound-resistant windows and doors were installed as part of the Monroe County airport program.  Roll-down and panel hurricane shutters convey.  Legal signage is in place on Flagler Ave with more space for legal signage on Third St. (not currently used). A bus stop is located directly in front of the building on Flagler Ave. 
Actual insurance rates must be obtained by the prospective buyer from a licensed insurance agent as owner self insurers.  A 5% vacancy rate is assumed in expenses. Rent is calculated at 100% PRI. $875,000 Active

2027 Flagler Avenue KEY WEST, Florida

2 Baths 1,186 SqFt

Location, location, location! Own your own restaurant at 816 Duval Street in the heart of Old Town, Key West. Outside patio seating licensed for 122 seats. Large kitchen, ample storage and great bakery! Open for breakfast and lunch. Superb patio seating for romantic dining which would greatly expand profit margin! High visibility and could be even better! Call for your private showing after 3pm. $2,789,000 Active

816 Duval Street KEY WEST, Florida

2 Baths 2,695 SqFt

Just Listed!  Seller Finance Possible! Spacious commercial condominium is centrally located in Mid Town Key West. Just off Flagler Avenue it is an ideal location for professional offices & more. This property has a large open main area, private office, kitchenette, storage, and 1.5BA. Low condominium fee. This is the only commercial unit in the triplex, other two units are residential. The condominium has central AC, bambooflooring, 3 off street parking spaces, & deck.  The zoning is CL (Limited Commercial District). Do not disturb business. $289,000 Active

1509 Josephine Street 1 KEY WEST, Florida

2 Baths 738 SqFt

Large commercial building in good shape with Dade County pine ceiling, zoned mixed use commercial, located in up and coming part of Marathon. Property has almost 19000 square ft of fenced in area with plenty of room for parking and located directly on US 1. There is a second building in back that has a bathroom, and living/bedroom area, that can be office space or storage. Lots of potential for the building and land. $1,650,000 Active

1825 Overseas Highway MARATHON, Florida

1 Beds 2 Baths 2,796 SqFt


View ALL

Posted in: Business Loans, Buyers Tagged: Credit, Credit Score, Debt To Credit Ratio, Improving Credit Score, Loans, Paying off Credit Cards

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Key West, FL 33040

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98880 Overseas Hwy.
Key Largo, FL 33037

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