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Top Tips To Improve Your Credit Score


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Summary:
Improving your credit score is very important and it can help you save money. Your credit must be in good
standing so that you can open credit accounts when you need them. Good credit will help you get the best
interest rates too.


Your credit score will be based in how well you can pay your bills and loans on time. You must keep your
credit healthy and pay promptly. If you have a high score, lenders see you as a better risk, and are willing to
give you more credit at bette...



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Article Body:
Improving your credit score is very important and it can help you save money. Your credit must be in good
standing so that you can open credit accounts when you need them. Good credit will help you get the best
interest rates too.


Your credit score will be based in how well you can pay your bills and loans on time. You must keep your
credit healthy and pay promptly. If you have a high score, lenders see you as a better risk, and are willing to
give you more credit at better rates.


For your credit score to be good, your goal is to reach above 620 which is considered the line for creditors.
If your credit score is below 600, banks have trouble lending you any money. Even your mom or a friend
would have a hard time lending to you if they found out your score was too low. Work to keep your credit
score up at 620 or higher.


If you are over 700, you still get low rates, though you could do better if your score was higher. Try to get
above 760 and you will get the lowest rates and offerings. If you can make it above 850, this is ideal and
you’d be offered the best interest rates and payment terms. The average credit score is 723.


To improve your credit score, always pay on time or before the deadline. If you are always late, chances of
getting a good score are slim. The idea that “better late than never” is not applicable to this situation. All
your late statements are noted, making it almost impossible to escape bad credit.
Keeping your credit balances low is also very helpful. This will lessen the burden of bills you need to pay
each month. Lenders believe that if your credit is kept in balance, you will be able to attend to your
payments more readily and regularly. A balanced credit line is also an advantage because you are still
capable of opening credit cards. If your income is increased and improved, the more chance you have of
upping your credit line even more.


Also, don’t open any credit cards that you don’t need. Sometimes credit card offers are very inviting and
enticing especially for those who love shopping sprees. If you have a lot of credit cards, you’ll have a hard
time paying for each of them. This will lower your credit score an average of 10 points, and most definitely
affect your credit lines.


Keep in mind that closed accounts in your credit report don’t just go away. You might think that your
accounts from long ago are no longer included in your credit report but you are mistaken. Every single detail
and record is clearly stated. Even the oldest things are going to stick with you forever.




credit disputes letters

				
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