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Ways to Achieve a Perfect Credit Score

By Ruth Racey
Published: Sunday, October 20th, 2013

Fair Isaac Credit Organization (FICO) is responsible for your credit scores. These scores lie between 500 and 850 and only 13% of people boast of a FICO score more than 800. While getting such a perfect credit score is not impossible, you require a high degree of discipline and proper financial management to attain it successfully. Even if you have, dismal credit scores now it is possible to start improving them TODAY! Remember, it is not magic but a slow yet sure process that allows you to reap the benefits on a long-term basis.

The first step is to check for errors present in your credit report. This happens all the time. Do not depend on credit card report authority, but check on your own regularly. Any errors that come out through perusal must be reported immediately. Remember, such errors can bring down your credit scores through no fault of yours. It is necessary to follow the correct procedures went disputing errors in your credit report. One should make a written complaint to related credit-reporting agency.

One of the easiest ways to improve your credit scores over time is to ensure timely repayments on your outstanding bills. In order to ensure that you never miss a single payment, engage a competent reminder service. They use different modes to keep their clients abreast of their payment situation. Installation of reminder software solution in your computer, reminders sent to your home/office address, or use of automated bill payments related to your bank are some options. This is extremely crucial because your bill payment history has a staggering 35% contribution in your credit score calculation.

A low debt amount is another way to improve and even gain a perfect credit score over time. Therefore, if you have outstanding debts presently try to repay them as soon as possible. Credit use makes for 30% of total credit scores of an individual. A limited number of credit cards are a good way to keep your scores high because this way you will be able to manage spending in a better manner and keep tabs successfully.

Having a credit score above 800 can prove to be highly beneficial in your personal life. For starters, banks and lenders consider this when considering your eligibility for a loan. Even employers these days consider this as a valid point when checking the credibility of an individual and their suitability for a job.

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