how to build a healthy credit score
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Check your credit report first before seeking out a personal loan, car loan or mortgage. If you found that your credit rating needs improvement, here’s what you can do. More info: http://www.badcreditresources.com/articles/how-to-build-a-healthy-credit-score/ - PowerPoint PPT PresentationTRANSCRIPT
If you found that your credit rating needs improvement, here’s what you can do.
Remove Negative Information
Negative information may be the reason for your poor rating.
If discover false information, send a dispute letter to the bureau that issued your report.
Do Not Maximize your Credit Limit
Lenders prefer clients who do not use up more than 50% of their credit limit.
Don’t Close Old Accounts
Closing old accounts is like deleting the oldest parts of your credit history.
If your old cards have high interest rate, use it occasionally for small purchases and them off at once to avoid the additional interest and late fees.
Submit Payments on Time
Timely payment makes up about 35% of your total score so even a single late payment can badly affect your rating.
Avoid submitting multiple applications to different lending companies.
When applying for a loan or a new credit card, do not try to submit multiple applications to different lenders.
This will only send a negative impression to lenders who may inquire about your report.
Call in advance if you’re going to be late.
If for some unexpected reason, you cannot submit your payment on time, call your creditor in advance and ask for an extension of your due date.
More Information: Read more: How to Build a Healthy Credit Scorehttp://www.badcreditresources.com/articles/how-to-build-a-healthy-credit-score/
If you want to Fix Your Poor Credithttp://www.badcreditresources.com/articles/fix-poor-credit/
Or
The Best Times To Take A Look Your Credit Report
http://www.badcreditresources.com/articles/the-right-times-to-check-your-credit-report/