credit_improving_score by chengtaisoon


									Improving your Credit Score is Just Three Steps Away

Credit score could be a dire stuff to talk about, especially if you are a "cold cash patriot" for quite some time
now. Why talk about credit score, if you can afford to purchase a real estate property using thick bundles of
100 dollar bills. It is just a waste of time, and you would not be interested in dealing with credit scores or its

That is, if you have plenty of cold cash to spend. But what if time comes that you do not have even a single
dime at all? Do you think a credit score is still a dire stuff to talk about? Think again: may be this is the right
time that we talk about credit score not just by an "inch below the water" but by "at least six feet

Keep in mind that your credit score could be your "best of friend" or the "worst of your enemies". The
higher your credit score is the higher chance you have to qualify for loans and credit cards with lower
interest rates and easier terms of payments. The lower the interest rate, the more savings you can generate in
the long run.

And that is a good thing.

On the other hand, lower credit score will give you headaches, making it difficult for you to secure a loan or
credit card, not to mention the higher interest rate applied in case you will be able to qualify for a loan or
credit card. Thus, possessing lower credit score will really make your head ache and will make you dig in
your pockets beyond the limits.

At this point, you should consider improving your lower credit score. There are several options that you can
take, yet you are just three steps away from improving your credit score. How will you do it? Take a look on
the following and make sure you will be able to follow them.

1.Inspect your credit reports for any inaccurate entries. Keep in mind that errors in credit reports are very
common, thus it is recommended that you examine your credit reports at least twice a year. In this way, you
will be able to pinpoint any mistakes and fix the problem before it can do serious damage to your credit
performance. You can obtain your credit reports from the three major credit reporting agencies in the United

2.Always pay financial obligations on time. Do not underestimate the value of making payments on time.
Keep in mind that one of the major factors that can affect your credit score is your habit in paying your
financial obligations. If possible, pay your bills ahead of the scheduled due date. If you have problems in
making payments on time, you may also consider automatic mode of payments.

3.Use credits on a minimum basis. If you are using credit cards, avoid making purchases beyond your credit
limit and attempt to keep your balances at bay—let us say, around 25 percent below your credit limit. It will
help you avoid accumulating huge debts that may come from unwanted purchases using credits.

Credit score is very vital, especially if you have plans of securing loans in the future. Thus, if you have a
lower credit score, do not waste time and follow the aforementioned three steps to improve it. Make your
credit score as an asset and not as a liability.

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