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

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:

Newest Key West Commercial Properties on the Market

Very unique Marina & Resort in Islamorada, FL. Manager on site handles responsibilities with oversight from the absentee owner. Rare 1+ Acre Oceanside Lot with many uses possible. Deep water protected harbor with 18 large boat slips that can accommodate 50+ ft. yachts. Approach depth approximately 6 ft.+ at high tide with a clearly marked channel. Features include water, new 30 Amp and 50 Amp electric at each slip, fuel dock, concrete building with office, ship store, workshop, and garage/storage. 2 outdoor showers, 2 bath houses with indoor showers, stalls, and dressing area. New waste/pump-out station and fuel station. New Concrete In-ground Pool, Deck and Fence just completed. An additional separate concrete building used for storage on the North side of the property. Private marina, must call for an appointment and sign an NDA/CA for more information. $6,995,000 Active

200 Treasure Harbor Drive ISLAMORADA, Florida

4 Baths 1,069 SqFt

Rare Mixed-Use Investment Opportunity in the Heart of Key Largo! Discover a truly unique and versatile property that seamlessly blends commercial potential with comfortable residential living in one of the most sought-after locations in the Florida Keys. Positioned in a high-traffic area with exceptional visibility, this mixed-use asset offers an outstanding investment opportunity for entrepreneurs, business owners, and investors alike. The first floor boasts a spacious 1,026 sq. ft. commercial space, perfect for a business. Complementing this indoor space is an additional 672 sq. ft. covered outdoor work area with a convenient ramp, ideal for expanded operations, storage, or creative use. Whether you envision a thriving business or a workshop with high visibility, this space offers endless possibilities. Above the commercial space, the second floor features two charming one-bedroom, one-bathroom residential apartments, each spanning 750 sq. ft. These well-appointed units provide a comfortable and private living space, perfect for on-site business owners, rental income, or employee housing. With its prime Key Largo location, this property is surrounded by local shops, restaurants, and attractions, ensuring a steady stream of foot traffic and exposure. Whether you're looking to establish a business, generate rental income, or both, this versatile property is a rare gem that offers the perfect blend of work and living in the heart of the Keys. Don't miss this extraordinary opportunity. Contact us today to explore the endless potential of this unique mixed-use property! $1,399,000 Active

100693 Overseas Highway KEY LARGO, Florida

1 Baths 2,574 SqFt

Prime commercial property in the heart of downtown Key Largo. 5,457 sqft commercial space available immediately for lease! Access inside via private Elevator or Staircase. Large windows for natural lighting. Current floor plan includes many individual offices but could be reconfigured. Ample parking in front and side. $12 sqft gross lease. The unit has it's own bathrooms and kitchenette area. Great visibility on US 1! Zoned Urban Commercial with many possibilities. $5,457 Active

99451 Overseas Highway 2nd Floor KEY LARGO, Florida

4 Baths 13,260 SqFt

This is the price for one lot. Total of three contiguous, commercial dry lots at the end of 20th St. Oceanside. Big bonus, each lot includes a deeded and assigned deep water wet slip! Each lot may be purchased individually or together. Each lot is 94.5' wide by 110' deep and has its own water & electric meters. Three addresses are 351 20th St. Ocean, 361 20th St. Ocean and 371 20th St. Ocean as the end lot. Each lot is part of a Fisherman's Pointe HOA with fees of $1,200 per year per lot. Lots are currently being used by Fisherman for trap repair and storage. Favorable Mixed Use- Maritime Zoning allows for many commercial uses.The MU-M zoning district is intended to establish areas suitable for uses which are essential to the commercial maritime industry, including sales and service of fishing equipment and supplies, seafood processing, fishing equipment manufacture and treatment, boat storage, restaurants, retail and affordable housing residential uses.The MU district is designated within the Mixed-use Commercial (MUC) future land use category on the Future Land Use Map (FLUM). $749,900 Active

351 20th St, Marathon MARATHON, Florida


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