Improve Your Credit Score
A low credit score affects your buying position and also impacts your future credit outlook. A low score also affects the price you pay for services now - for example, your auto insurance. How to keep or get a good credit score? Avoid the following:Unable to meet credit obligations and creditors will see this as a red flag warning or high risk. This can obstruct approval of your loan. You must take heart to avoid that. Meanwhile, you MUST start doing this:1. Check for clarity or discrepancy in your credit report (from the major credit bureaus). Did you spot any errors such as any creditors listed that you do not recognize? Report any errors to the credit bureau in question to request for correction and updating. 2. Ensure your income is able to pay off your monthly expenses. 3. Identify debts that have already negatively affected your credit score. Think of ways to redeem yourself off the debts. Your score will shoot up to its original rating before you defaulted. 4. Seek help from your creditors for a settlement package for your debts - lowering interest rates in some cases and lowering payments to a more manageable amount. See my upcoming post on “Important Points of Credit Score”
Your friend, Charles