One of the best pieces of advice for preparing to get a VA loan is to start your preparations at least a year, and preferably two, before you actually apply for the loan. Why is this? Primarily because of what it takes to get your credit report in proper order; delinquent debts can stay on your credit history for months after they’ve been paid off, and sometimes it can take months to pay off your existing debt.
Your credit score is an algorithm-based evaluation on your overall credit-worthiness at the time the score is requested, while your credit report is a listing of all the factors that went into calculating your credit score. Check out this guide to help you get on task and own your credit before it owns you.