Posts Tagged ‘how to improve your credit’
Additional Ways to Improve your Credit Score
Posted by: admin in Free Credit Reports on March 28th, 2009
We all know that we’re more than our credit score, but what’s inside doesn’t really matter to lenders, landlords, and even some employers. Many facets of our lives are controlled by that finicky three-digit number, and your score determines your chances of being approved for credit, and the interest rate at which you’ll receive it. Here, a basic breakdown of credit worth, by the numbers:
- 750 and above will get you primo interest rates on loans; you’ll essentially get approved anywhere and everywhere.
- 710 through 750 will get quite a few competitive offers sent your way, though you won’t get as many as a person with a score of 750+.
- 650 up to 710: You’ll get approved, but you won’t get the good rates that your friends with higher scores will get.
- 580-650: Prepare yourself for stricter terms and higher interest rates.
- 580 and below: Basically, if you don’t want to go through a loanshark, forget it!
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Keys to Establishing Good Credit
Posted by: admin in Free Credit Reports on March 4th, 2009
Any educated consumer is aware of how important it is to establish good credit with potential lenders. Whether you are on the market for a new car, home, or insurance, you will be judged on the basis of your credit score. There is no way around it. Your credit is the only solid identifier of your spending/payment history that can establish whether or not you are worth an investment.
If you are someone who has fallen into the black area, a.k.a. bad credit, fear no more. There are some key things you can do to get yourself back into good standing:
Bill Payment
One of the first things a lender will look for is whether or not you pay your bills on time. This doesn’t necessarily mean you have your account automatically set to pay each and every bill on the due date. But simply, that you are trustworthy to pay your bills within a 5 day grace period of the due date.
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