refinance

Credit do's & don'ts before a refinance

Do: Opt out of pre-screened credit card offers.

A borrower who requests to no longer receive credit card offers will not have credit card companies running the borrower's credit history -- and dampening his or her credit score, Warren says.

Opting out of credit card offers also prevents phone or e-mail harassment from other mortgage-loan and refinance companies.

You can opt out by visiting the Consumer Credit Reporting Industry's official Web site.

Don't: Pay anyone to fix your credit.

Nonprofit agencies can help you pay down debts, but they won't "fix" a history of nonpayment and delinquency. Beware of any business that claims it will repair your credit fast.

"The only person who can truly fix your credit score and history is you," Glink says.

Read more about refinance.

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