Free Guidebook to A Few Tips To Improve Your Credit Score

Your credit rating can be your most valuable asset or your most annoying hindrance. The fact still stands that you can not live comfortably without having a good credit score. There is no way to avoid the issues of your credit score, one way or another your credit score report will become a topic of discussion. Whether you are making one of the two biggest purchases of your lifetime or you are applying for a job in the financial market, you will need to have good credit.

A perfect credit score is something that is fairly easy to achieve but a little harder to maintain. Everyone starts with a good clean slate. Maintaining that clean credit however is difficult to stay on top of, especially during tough economic times. The good news is that if you find yourself falling behind on your credit, there are a few simple steps that you can follow to help raise credit score for the 3 credit bureaus.

The first thing your would need if you are trying to get a higher credit rating is to get a free copy of your free triple score. A copy of your credit report will bring to your attention what you need to do in order to raise your credit score. Once you receive your report, make sure that all the information is correct. Any inaccuracies in your free report can affect your credit rating. A thorough investigation should include checking for accounts that are not yours, accounts that are reporting incorrectly, and even personal information such as addresses.

If you do not have any bad information to investigate with Equifax,Experian, or Transunion, then your next steps should be taking some simple measures to raise credit scores with the 3 bureaus:

Pay Your Bills On Time:

It is much harder to do but it is very necessary that you pay your bills on time, even if you only pay the smallest required amount. Creditors mainly look at you current late payments in determining you credit worthiness, so if you have been late in the past, you can improve your rating by paying on time. Six months of steady payments can raise your score tremendously.

Lower Your High Limits:

The percentage of credit availability to credit balance can cause great damage to your credit score by as many as 100 points. You may be being on time but if all your credit cards are maxed out, a creditor assumes that you don’t have much money available to acquire new credit.

Do Not Close Unused Credit:

Do not terminate any open unused accountscredit cards or revolving credit accounts due to lack of use. You may not have any plans on using these cards, but if you close them, the good credit history will be removed from your account causing your credit score to drop. Older more established credit looks better than newer credit accounts.

Avoid Filing For Bankruptcy:

Filing for bankruptcy can elimate all your debt in some instancex, but the negative aspects to your report damages to your credit will remain for at least 7 years. Bankruptcies look especially bad because it shows that you chose not to pay your creditors at all.

Refrain From Making Unnecessary inquiries:

One inquiry can be responsible for bringing your credit down a few points. Although one inquiry will not be too adverse on your credit score report,but several inquiries can add up and become the difference between being approved for a loan or not. If you notice any inquiries that you did not authorize, you can dispute these inquiries to help raise credit score points.

Improving your beacon score can easily be attributed to following these simple steps. Maintaining your credit score however must be a major priority. You must stay on top of your credit score by getting at lease two credit check report annually and or making sure that you have some sort of credit protection.

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How to Maintain Good Credit

Good credit is sometimes difficult to achieve. Even when it is achieved often times it’s hard to keep your credit score in a decent range. One of the main credit factors that determines your credit rating is whether you pay your credit card bills on time or whether you frequently forget to send out that payment.

People have so many reasons for not paying their bills on time.  Some of them are due to plain neglect and some are due to loss of a job or inability to work because of illness. Regardless of the reason, the credit card companies can report you to the credit bureau if you are over 30 days late on your payments.  If you are just a few weeks late, they can make your life miserable by fining you huge fees.

When you find that you have gotten behind on your payments and your late fees are accumulating, you can always call your credit card company and ask for them to work with you on perhaps lowering your fee or eliminating it altogether depending on your reason for missing the payment. You’d be surprised how many fees can be eliminated by doing this.
If you are over 30 days late on your payment, you will have to find out whether you have been reported to the credit bureaus.  If they have reported you, then this is where your credit score will start to go down. It will take a while before that negative ding will go away.  The more times you are reported to the credit bureau, the lower your credit score will go.

You can contact the credit bureaus by calling these numbers:

• Equifax (800-685-1111)
• Experian (888-397-3742)
• Trans Union (800-888-4213)

Maintaining good credit will help you in your efforts to attain financial security. Financial security is defined as the comfortable feeling that your finanical resources will be adequate to fulfill any needs you have as well as most of your wants.  Doesn’t everyone deserve that?

Maintain good credit by paying your bills on time and keeping track of what is going on with your credit report before any big problems arise.