Tuesday, March 3, 2009

Interested in Raising Your Credit Score?

If you want to get a home loan, cellphone, rent an apt or get a car loan a credit score determines how eligible you are. In the previous posts we talked about credit score ratings called FICO. In today's society a credit score is very important. In this post I will be talking about ways you can improve your credit score. Yes, it is possible to increase your credit score but the important thing is once you do don't fall back into the debt trap.

Credit scores..some people love them and some people hate them. Can you guess which ones? A credit score is created from several things such as your behavior with spending and being able to pay bills on time. Your occupation and how long you've been employed. The more professional your occupation the higher your score is...messed up I know but that's how they work. Self employed gets rated a -1. Your income also determines how many points you earn and how many credit cards you have.

How to increase your credit score

1. Increase your credit limit on your credit card and keep paying off the balance.
2. Get a secured card that works just like a credit card. Make sure to treat it just as you would a credit card. The thing with a secured card is you have to put a deposit and use that as your available credit. Try to pay off the full amount that you spend, pay on time and keep depositing more and see if you can get a credit line increase.
3. Get a copy of your credit report and check to make sure everything is correct. Make sure that they match and that all wrong information is disputed. If you have a recent collection or negative on your account contact the agency to see if you can work on arranging something.
4. If you get a cellphone, auto loan, etc. Make sure to pay on time some companies report to the credit agencies. Ask if they do.
5. See if someone is willing to cosign apt or car loan for you. Most people do this to establish credit.
6. Get a higher paying job
7. Further your education and get into a professional career
8. Stop paying late and catch up on late payments



Good luck doing these things will increase your credit score!
If you want to get a home loan, cellphone, rent an apt or get a car loan a credit score determines how eligible you are. In the previous posts we talked about credit score ratings called FICO. In today's society a credit score is very important. In this post I will be talking about ways you can improve your credit score. Yes, it is possible to increase your credit score but the important thing is once you do don't fall back into the debt trap.

Credit scores..some people love them and some people hate them. Can you guess which ones? A credit score is created from several things such as your behavior with spending and being able to pay bills on time. Your occupation and how long you've been employed. The more professional your occupation the higher your score is...messed up I know but that's how they work. Self employed gets rated a -1. Your income also determines how many points you earn and how many credit cards you have.

How to increase your credit score

1. Increase your credit limit on your credit card and keep paying off the balance.
2. Get a secured card that works just like a credit card. Make sure to treat it just as you would a credit card. The thing with a secured card is you have to put a deposit and use that as your available credit. Try to pay off the full amount that you spend, pay on time and keep depositing more and see if you can get a credit line increase.
3. Get a copy of your credit report and check to make sure everything is correct. Make sure that they match and that all wrong information is disputed. If you have a recent collection or negative on your account contact the agency to see if you can work on arranging something.
4. If you get a cellphone, auto loan, etc. Make sure to pay on time some companies report to the credit agencies. Ask if they do.
5. See if someone is willing to cosign apt or car loan for you. Most people do this to establish credit.
6. Get a higher paying job
7. Further your education and get into a professional career
8. Stop paying late and catch up on late payments



Good luck doing these things will increase your credit score!

9 comments:

alex said...

Hello “in debt solutions” author,

As a fellow money (miser) saver and blogger myself I have followed your blog for some time now....

Anyway I have a little offer for you...

The company I work for would like to pay you to put a text link to a credit card site on your blog. I have not seen any other deals already, but would love to make you an offer anyway. I’m sure we can come up with some good terms?!

The website is called creditcardmenu.com and we will be launching a new fantastic looking credit card review and comparison service which is free to our customers; advertising with sites like your should be great for our profile.

So let the bartering begin??!

Oh and keep on blogging!

Alex Preece
Bad with my money, great with other peoples!
Negotiator
Giant Investments
(I am based in London, England so excuse the weird times you get this email!)

E: alex.preece@giant.org.uk
T: 01273 224002

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nancy said...

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If yes plz reply me through mail...
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I do have some good offers for u which will fulfill ur requirements.

Waiting for ur quick positive reply,
Thanks,
Nancy.

Erica Smith said...

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Please contact me at ericasmith568(at)gmail.com soon. Moreover, I will place your link in one of my finance sites.

regards,
Erica Smith

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George said...

Nice post!

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George said...

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