Credit Score News, Tips & Advice
Website CertifiedPrivacy Protected

6 Tips for an Easy Credit Score Fix

By Brian Anderson
Published: Saturday, December 26th, 2009

One of the hassles of life is paying bills. Yes, after shopping around and buying stuff to alleviate your daily stresses, you’ll finally ram unto another struggle of life, paying your debts. Don’t fret. You’ve got plenty of company. In the United States alone, there are more than 30 million people with credit defects that are severe enough and with perceived credit scores that are under 600.

Even if your credit were okay, it would be best to make it better. This follows the idea that the better your credit, the lower the interest rates you can have. Here are some tips on how to make a fast credit repair or earn a better credit score:

  • Pay down your credit lines. This is one of the key credit score advice that one will encounter. In most cases, paying off your installment loans can help your scores. However, paying off revolving accounts such as credit cards can dramatically increase your credit score.
  • Lightly use your credit cards. Whether or not you pay your bills in full each month, having a big balance can hurt your credit score. Always remember that by limiting your charges to 30% or less of a card’s limit can also increase your credit score.
  • Keep note of your limits. This is one of the best credit score advice that you must follow. Your credit scores might temporarily fall if your lender is showing a lower limit than the one you actually got. Ask your lender in order to have more updated information about your limit.
  • Use an old credit account. Another good credit score advice to follow is to use an old card account. Remember that the older your credit history, the better
  • Be good. A good customer will always reap benefits. There are times that a lender might agree to erase a late payment from your credit history. These requests must be done in writing. When successful, your chances for doing such can improve to better your record with the company. This in turn will have positive effects to your credit in general. Another credit score advice for more-troubled accounts is to ask if they had been “re-aged.” If the account is still open, there is a chance that the lender will erase previous delinquencies if you make 12 consecutive on time payments
  • Change significant errors immediately. It is wise to note that your credit scores are calculated based on the information encoded in your credit reports. This means that certain errors there can really cost you. Examples of these errors include late payments/charge-offs/collections or other negative items that aren’t yours or credit limits reported as lower than they actually are.

These are just some of the credit score advice that you must follow. If you are new to the idea of credits and would like to participate in one, remember that what you do now will reflect in the future. Treading carefully is still the best way to have a good credit score.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.