Credit Repair Services

Improve Credit: Easiest and Most Effective Ways

 Quick Summery

Is your credit score is doing well? Or are you worried that your score might get turn down by leaders?

In order for you to have a great credit score, you must know how to handle your credit well. You must have a goal that will help you improve your credit score. You should know what your credit score is first, then check for your credit report.

How to Improve Credit Score

There are a lot of steps to increase credit score, but I will tell you the easiest and effective ways.

When you are improving your credit score it does not change right away, it takes time to reflect it on your credit account. It is always good to have a high credit score of course, but you need to follow the following steps in order to improve it.

  • Pay bills on time. This is always the best, easiest, and most effective way to improve your credit score. It has the largest percentage of the factor of credit score which is 35 percent. It will make huge impact on your account. Paying on time is way better than being late.
  • Pay down debt. If your credit utilization ratio is too high, it will definitely negatively impact your credit score. Your balance should be within 30 percent of your credit limit, so it should be paid off consistently of your credit card balances.

  • Do not close unused credit accounts. It is better to keep it than to close it, especially when your credit account does not charge you an annual fee. An old credit card will give you a good credit score.
  • Pay down debt. If your credit utilization ratio is too high, it will definitely negatively impact your credit score. Your balance should be within 30 percent of your credit limit, so it should be paid off consistently of your credit card balances.

  • Handle on bills payment. Set a due date alarm so you know when your bill is coming up. Keep a track of your payments, you can have digitally or on a piece of paper. You can also automate your payments on your bank, so it will automatically be paid on the due date.

  • Do not close unused credit accounts. It is better to keep it than to close it, especially when your credit account does not charge you an annual fee. An old credit card will give you a good credit score.
  • Limit yourself for new credit. Hard inquiries will affect your credit score, though this effect will fade over time. Applying for the right types of credit helps you prove to lenders or credit bureau that you are responsible for having multiple debts.

  • Check your credit report. You are allowed to get a copy of your credit history once a year through the website AnnualCreditReport.com. So you can check and review what data might hurt your credit score.

Check all the data on your history for accuracy and analyze what items need repair or need action such as payments history, current balances, incorrect name or address, and so on.

  • Use a secured credit card. You may also consider other alternative cards that do not need a security deposit. You use it as an ordinary credit card and your on-time payments help you to improve your financial health.

Why do we need credit?

Credit is a tool that helps us get the things that we need like personal loans, auto loans but you get into trouble if you do not know how to use credit properly. Working to improve your credit score will surely help you qualify for any loans when you apply for them.

How long to repair

credit

In general, it may take about three (3) to six (6) months to repair the credit. It depends on how your credit score is doing. Bad credit means you have bad remarks on your credit profiles.

Credit repair does not happen overnight, it takes time to repair a credit score.

Final Thoughts

No one wants to have a bad credit score, but we should always keep in mind, have goals, and take action on how we will keep our credit score high; to help us benefit in the future.

If you want to keep your credit score at a good point, follow the guideline. First, ALWAYS pay your bills on time. and Second, KEEP your balances low.