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Racking up your Credit score

By Brian Anderson
Published: Monday, December 28th, 2009

There are many types of credit score advice in the market. But which are the ones that are legitimate and which are the ones that are not? Well in order to answer that question, we must first understand the true meaning of what a credit score really is.

A credit score is a numerical value derived from a statistical analysis of your different loans and transactions to compute your credit worthiness. This credit score is a three digit number that is usually computed based on a number of factors. Some of these factors include your Identifying Information, Trade Lines, your credit inquiries and your public record and collection Items. Each can contribute to your overall credit score in one way or another. Take a look at some of our credit score advice

Asking help from professionals

If you are seeking good credit scored advice, you can always consult any professional. Just make sure that this professional is legitimate and is not out to get your money. In this day and age there are many scammers about. Let these professionals’ asses and give you advice based on your credit reports.

Always take a look at your past credit reports.

In many cases the variable that takes the biggest bulk in your credit score are your past credit reports. These reports can usually make or break the credit score because it takes your long term transactions into account. Good credit score advice seeks you to always try and keep credit reports clean because future scorings will rely on credit transactions and debt payments you do today.

Seek the 700

Usually a score of 700 or higher is considered as a good credit score. Having a score like this will allow you to make loans with the lowest interests possible. For those relying on loans to do business, it is a very good credit score advice to seek this score as much as possible. You could be saving yourself gold in interest payments.

Live to fight another day

The good thing about credit scores is that they are calculated every year to that even if you have a bad credit score this year, you can always do better next year. Remember that it s always good credit score advice to inquire on what reasons your credit score is low so that you can make changes on your future credit score. The last thing you would want is to get the same credit score from last year because of repeating the same mistake over and over. This does not bode well with any creditor.

Keep up to date.

Probably the best credit score advice that can be given for the time being is to always keep up to date with present debts, their maturation dates, and deadlines of payments. Try and mark them down in your calendar to make sure that you won’t miss them. Delinquent payments will always reflect on your score regardless of whatever reason they may be.

Try and keep to these credit score advice to ensure that you get the points that you are working for. Not only is it good for you. It is a good investment.

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