The Basics to Understanding your Credit Score pt5
Improving Your Credit Score
Now that you know how your score is calculated, you can begin making changes to your current financial planning. The best things you can do truly are simple.
- Pay your bills on time.Sounds simple, but this is the best thing you can do to keep your score high. Delinquent payments and collections have a severe impact on a score.
- Keep your balances low on unsecured revolving debt like credit cards.High outstanding balances may affect a score negatively.
- Only apply for credit that you need.The amount of your unused credit is an important factor in calculating your score.
- Make sure the information in your credit report is correct.If it’s not, dispute it with the credit agencies and/or with the creditor directly.
- Removing negative items on your credit report has the biggest impact on your credit score.Generally, negative items stay on your credit report for seven years. Hiring a professional firm like FR Credit Repair to remove negative items on your credit report can be one of the first steps to a higher credit score. FR Credit Repair has the most successful and effective credit repair program available!
Tags: collections, credit cards, credit repair program, Credit Report, creditor, delinquent payments, financial planning, improving your credit, revolving debt, seven years
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