Getting a perfect credit score is something that could potentially save you a lot of money on
interest charges. If you want to go after a perfect credit score, there are a number of steps that
you will need to complete. Here are some tips to getting a perfect credit score.
1. Don't Be Afraid of Credit
Many people mistakenly believe that they should not utilize credit if they want to have a good
credit score. In fact, the opposite is true. You are going to have to use some type of credit if you
want to boost your credit score. This is one of those things that you have to use or you are going
2. Use it Cautiously
Although you need to use your credit, you need to use it sparingly. Be careful with how you use
your credit and do not let your debt get out of control. One of the big problems that people run
into is accumulating large credit card balances. If you want to get a perfect credit score, you are
going to need to make small regular purchases with your credit accounts. Make a small purchase
and then pay off your balance each month. You do not ever want to exceed more than 30 percent
of your credit limit. If you get in the habit of maxing out your credit card, lenders are going to
think that you do not know how to handle your money very well.
3. Do Not Apply Often
You want to try to have a nice mix of credit. Having different types of credit such as a mortgage,
auto loan, and a credit card can be helpful. However, you do not want to apply for credit too
often. You want to limit the amount of time that you apply for credit cards and other types of
credit accounts. Those that have the highest credit scores do not regularly apply for credit. You
do not want to carry around five or six credit cards at one-time. Get one or two of the best credit
cards and use them for your transactions.
4. Never Miss a Payment
If you want to get a perfect credit score, you are going to have to have a perfect payment history.
Payment history is one of the most important factors that credit bureaus look at when
determining your credit score. You need to make your payments for every type of account that
you have. If you miss a payment, your creditor is going to reported to the credit bureaus and it
will negatively impact your credit score.
5. Credit Monitoring
Another step that you should take if you want perfect credit is to employ the services of a credit
monitoring company. There are many different credit monitoring services out there that can
watch your credit report for you. They will alert you if any credit accounts are opened in your
name or if identity theft is suspected.