It is not unusual for first-time buyers to be free of debt. They have been saving for their first home for many months or even years. But after they move into their new home, the new homeowners are often deluged with pre-approved credit card applications from banks and stores offering credit lines. Before they realize what is happening, they can be overwhelmed with debt.

The consumer credit agencies know that mortgage companies do thorough checks before approving a loan, and those who have passed through that process are considered good credit risks. They also know that new homeowners often need to make major purchases of furniture and appliances at a time when they have depleted most of their savings accounts. After years of disciplined savings, new owners may be faced with a tremendous temptation to just say "charge it" for the things they need.

If you have just purchased a home, be aware--and wary--when those credit card applications start pouring in!

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Melinda Estridge
Long and Foster Realtors Bethesda
4650 East West Highway
Bethesda, MD. 20814
Phone: 301-215-6837
Fax: 301-951-7668
Email: melindaestridge@NUMBER1EXPERT.com

Melinda Estridge is in the TOP ˝% of all Realtors in America with over 200 million in Sales. She brings her clients over 20 years of experience. Her service, reputation, and professionalism are well respected. Real estate and homes for sale in Bethesda and Chevy Chase Area of Maryland and Washington DC are her speciality.

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