What you can do to raise your credit score by joymali

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Maintaining a good credit report is essential for anyone whose intent is to reflect a credible financial background. Anything negative on the file, such as unpaid debts, late payments on bills, and anything similar will work to cast your ability to manage your finances in a very bad light and pull scores down.

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									                      What you can do to raise your credit score

Getting out of financial entanglements is a long, arduous and complicated task. Simply
getting out of a credit debacle for instance, takes time; in the same way that boosting ones
credit score is not an overnight task. One cannot simply negotiate a low credit score
rating to an impressive number in just a few months. But there are things which you can
do to ensure that your scores are raised consistently.

Maintaining a good credit report is essential for anyone whose intent is to reflect a
credible financial background. Anything negative on the file, such as unpaid debts, late
payments on bills, closed accounts and anything similar will work to cast your ability to
manage your finances in a very bad light and pull scores down. To manage this, make
sure you read the guidelines below to help improve your credit score:

      Request for a free credit report from Equifax, Experian and TransUnion:
       After requesting for a free copy of your credit file, it is essential to understand the
       elements present in the report. You should read them carefully to ensure that the
       information is accurate and check for the things, which can ruin your grades.
       Outstanding bills and financial judgement against you can work against you and
       from getting good scores. Try to clear such problems. If there are any mistakes on
       credit statement then write immediately to the agencies about that problem.

      Make payments on time to lift your credit score: 35 percent of your credit
       score is influenced by making payments on time. Therefore, it is necessary that
       you pay your bills on-time.

      Pay off all your debts as soon as possible: To get rid of the negative
       implications of unpaid debts on your credit file, it is significant that you should
       start taking care of debt accrued from credit cards, mortgages and loans.
       Management of debts will remove bad remarks from the credit statement and also
       bring down the credit utilization and percentage of the available credit.

      It is essential to remember that you should not close the accounts which you have
       already paid off. This way, the available credit amount that you owe will be
       reduced, enhance the utilization rate and will also have a positive influence on
       your score.

								
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