Raise Credit Score - How To Raise Credit Scores With 3 Fast Tips

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Millions of people are suddenly finding themselves with low credit scores due to today's economy.
Job losses, cutbacks, and layoffs have caused many of them to get behind on or even miss making their monthly payments to their creditors.
They are now being denied the new home, car, or job opportunities that they need...
and are looking for ways to raise their credit score.
Maybe you or someone you know has watched their credit rating drop as the bills piled up.
In this article, we'll take a quick look at how you can raise your credit score with 3 fast tips.
Your Credit Rating Many different factors are used in the calculation of your score.
However, your credit history, the amount of debt that you have, and how well you have paid your debts in the past are responsible for up to 80% of your final score.
If you have had a problem with any one of these three factors, your rating is going to be low.
You can raise your credit score with these fast tips: Review Your Credit Report For Inaccuracies Since your score is calculated using the information provided by the credit bureaus, you want to make sure that the information being reported is accurate A low score usually means that there are items in your files that are being reported as a negative.
You need to get a copy of your credit report in order to see what items may be affecting your score and to see if they are accurate.
Pay Down Your Debt One of the fastest ways to raise your credit score is to pay down the amount of debt that you have.
Your total outstanding debt is a major factor responsible for 30% of your score.
Having a large amount of debt or too many lines of credit can make you appear as a bad risk because you are close to becoming "overextended" or "maxed out".
Make Your Payments On Time Even though this simple step is one of the easiest and fastest ways to raise your credit score, it is also the major factor in how lenders will look at you.
Experts believe that up to 35% of your score is based on how well you make your payments on time.
Nothing will show future lenders that you take your debts seriously as much as having a history of paying your debts when they were due.
As we can see, you want to do your best to keep your outstanding debt as low as possible and your bills paid on time.
By taking care of these two major factors, you can take a huge step towards having good credit once again.
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