Posts Tagged ‘improving credit’
Top 10 Tips to Improve Your Credit Score
Posted by: admin in Free Credit Reports on March 9th, 2009
Are you suffering through this economic downturn with bad credit? Well, like you, thousands of Americans are facing the same troubles. However, by doing ten easy things, you can improve your credit score and begin rebuilding your life. Fixing your credit is going to be a long process, but once you’ve achieved your goal, you will be completely relieved that you took the plunge and came out on top.
1.) Don’t Bounce Checks
While bounced checks don’t appear directly on your credit report, every bank and potential lender has access to that information, and it could keep you from getting a home or auto loan in a snap.
2.) Pay Your Bills On Time
Although this may seem normal to some people, others have trouble staying on top of paying their bills, and their credit suffers because of it.
3.) Contact Local Lenders
If you go to a lender in the neighborhood versus a national chain, you are more likely to get a credit extension because they take the time to understand your unique situation versus putting you through a system that will automatically approve or deny you.
4.) Start Small
If you have had some credit discrepancies in the past, there is a reason they are there. Don’t get in over your head with charges you think you can pay off, because of the reality of the situation is, you can’t.
5.) Check Your Credit Report
At least once a year to make sure the information is accurate and you are identity theft free.
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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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