Q: We keep hearing everywhere that interest rates are "historically low," but no one I know seems to be able to qualify to get the 4.4 percent we keep hearing and reading about. How do you qualify to get the lowest rates? What do you advise a financially fit person to do to increase her credit score or make herself a more attractive buyer?
A: Last week, we discussed what it takes to qualify for the very best interest rates. Now we turn to tips for increasing your credit score, even if you’re already pretty fiscally fit.
I’ve found that people asking about how to qualify for the best interest rates is similar to people asking me how to lose weight: I tell them the truth, then their eyes glaze over when I give them the straight dope, sans magic bullets.