5 Ways To Increase Your Credit Score
5 Ways To Increase Your Credit Score
Free Online Articles Directory
Why Submit Articles?
Top Authors
Top Articles
FAQ
AB Answers
0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Hello Guest
Login
Register
Hello
My Home
Sign Out
Email
Password
Remember me?
Lost Password?
Home Page > Finance > Credit > 5 Ways To Increase Your Credit Score
5 Ways To Increase Your Credit Score
Posted: Apr 10, 2010 |Comments: 0
|
]]>
This is not as difficult as you think to raise credit score. It ‘s a well known fact that lenders will give people with credit scores lower interest rates on mortgages, auto loans credit cards. If your credit score is 620 just to get loans and credit cards with reasonable terms is difficult.
There are more than 30 million people in the U.S. who have credit scores of 620 and you’re probably wondering what you can do to raise credit score for you.
Here are 5 ways to increase your credit score.
1. Obtain a copy of your credit report
Obtain a copy of your credit report because if something is wrong in your report, you can raise credit score once it is removed. Be sure to contact your credit immediately to remove any incorrect information.
The credit report request must come from three main offices: Experian, Equifax and Trans Union. It ‘important to know that each service will give you a different credit score.
2. Pay your bills on time
Your payment history accounts for 35% of your total credit score. Your recent payment history would weigh much more than what happened five years ago. Missing only one payment each month can hit 50 to 100 points off your credit score. Pay your bills on time is the best way to start rebuilding your credit rating and raise credit score for you.
3. Pay the debt
The credit card issuer reports your outstanding balance once a month to credit bureaus. No matter if you pay the balance after a few days or if you carry from month to month.
Most people do not realize that credit bureaus do not distinguish between those who have balances on their cards and those who do not. Thus, by charging less you can raise credit score, even if you pay credit cards every month.
Lenders also see a lot of space between the amount of debt on your credit card total credit limit. Thus, the debt is paid off more on the gap and increase your credit score.
4. Do not close old accounts
In the past, said closing the old accounts were not in use. But with the current credit scoring methods now that could actually hurt your credit score.
Closing old accounts or credit paid reduces the total credit made available to you and balance you look bigger than credit scoring. Closing older accounts can actually shorten your credit history and a creditor who makes less creditworthy.
If you try to minimize identity theft and peace of mind for you to close your old account or paid, the good news is that there is a marked decline minimum. But, while keeping old accounts open you can raise credit score for you.
5. Suspension of failure
Failure is the simplest thing that will destroy your credit score. Bankruptcy will lower your credit score 200 points or more, it is very difficult to recover. Once your credit score is below 620, any loan you will be much more expensive. A bankruptcy on your credit record is reported for up to 10 years.
The reality of bankruptcy is that merely lending institutions for higher interest payments crowd out high interest rates of you for years. It ‘better to receive credit counseling to help you with your bills and avoid bankruptcy at all costs. Entering credit counseling instead of declaring bankruptcy you can raise credit score in a much shorter time.
Retrieved from “http://www.articlesbase.com/credit-articles/5-ways-to-increase-your-credit-score-2131415.html”
(ArticlesBase SC #2131415)
Liked this article? Click here to publish it on your website or blog, it’s free and easy!
machima –
About the Author:
For more credit related articles like these go to: http://www.billconsolidationgo.com/
Questions and Answers
Ask our experts your Credit related questions here…200 Characters left
He has a good credit score and she has a terrible credit score. What happens to the scores when they get married?
I am trying to clean up my credit report and raise my scores, but it seems the more I do to help my credit score the lower it goes. I’m trying to purchase a home and in desperate need of help!
I am Cdn marrying a US. Moving to US My credit score is 800 his is so low – foreclosure on home, prior bankruptcy. Ths was over 3 years ago. When we marry do I “inherit” his bad credit
]]>
Rate this Article
vote(s)
0 vote(s)
Feedback
RSS
Print
Email
Re-Publish
Source: http://www.articlesbase.com/credit-articles/5-ways-to-increase-your-credit-score-2131415.html
Article Tags:
bill consolidation loans rates, credit score
Latest Credit Articles
More from machima
Know your Consumer Rights – Improve your Credit Rating, Credit Score, or Cr
Learn to improve your credit report, credit score, credit rating by knowing your consumer rights (04:06)
How to Decode Your Credit Score
About 30% of your credit score is determined by the amount of money you currently owe. MoneyWatch’s Jill Schlesinger explains the other 70%. (01:45)
Harry Smith spoke with Rebecca Jarvis about the importance of your credit score. (03:11)
3 Steps to Lift Your Credit Score
Paid off your debts years ago, but still have a low credit score? Jill Schlesinger has 3 simple steps to follow. (01:54)
How to Improve Your Credit Score
Deputy Editor Janet Bodnar answers questions about improving personal credit score. (03:54)
Bad Credit Bill Consolidation Loans – No Collateral Required
You need cash when you need to pay your bills and other monthly expenses. And when you are short of money then it would a great idea to consolidate your bills. Bill consolidations loans with bad credit loans are very hard to get in past but now such loan can be obtained with a great ease.
By:
Robart Watsonl
Manage Your Credit: Getting A Good, Solid Deal On A Debt Consolidation Loan Rate
There are some tips and pointers that you will want to keep in mind when it comes to getting the best deal on a debt consolidation loan rate. One pointer that you will want to keep in mind when it comes to getting the best deal on a debt…
By:
Thomas Eriksonl
Financel
Mar 09, 2007
What are Bill Consolidation Loans?
Bill Consolidation loans; otherwise known as credit or debt consolidation loans, are loans that are currently in high demand as people look for ways to shore up their financial situations, for what looks like at least another 18 months of financial uncertainty.
By:
Daniel Majorl
Finance>
Debt Consolidationl
Feb 16, 2009
Find a Bill Consolidation Loan for You
It would be great if simply consolidating your debt could solve all of your financial woes. Most debt consolidators advertise a single monthly payment that is lower than your multiple payments combined. When swamped with bills, that sounds like a great solution. Because you will be paying less each month, you can use the rest of your take home income elsewhere. The cost to you over the long term could be detrimental, though. Before you jump into a debt consolidation loan, there are a few things
By:
justin narinl
Finance>
Personal Financel
Jun 06, 2009
lViews: 247
Debt Consolidation Loan for Credit Card Debt?
Advantages and disadvantages of a debt consolidation loan. Understand what it is, and if you can possibly benefit from it given your current situation
By:
Manuel Davis Jr.l
Finance>
Debt Consolidationl
Dec 16, 2007
Getting A Bill Consolidation Loan Without Any Collateral
There are several ways to get a bill consolidation loan with no collateral. However, let’s discuss one of the most commonly used bill consolidation loans.
By:
Jeremy Seaverl
Financel
Jul 10, 2010
Beginning Debt Control with A Good Debt Consolidation Loan Rate
When problems get too big, we can remain paralyzed and unable to take the very action that can save us because we don’t know where to start. Debt’s like that. When it gets out of control it can have a devastating impact on all areas of our lives and leave us feeling shell shocked and wondering how on earth
By:
John Singlesonl
Financel
Aug 11, 2010
Bill Consolidation Loans – Lower High Interest Payments And Get Out Of Debt
If you are hoping to payoff your debts, obtaining a bill consolidation loan may be the solution. Each year, millions of consumers enjoy a debt free life.
By:
Carrie Reederl
Financel
Feb 05, 2006
lViews: 279
Top Cash Back Debit Cards For Holiday Shopping
Of course, you have heard me right! I meant to say cash back debit cards, not cash back credit cards! Just short three years back it could be unthinkable for a person to be employing money back debit cards or check card or bank card to pay for their shopping adventures during the holidays…
By:
Sherry A. Kochl
Which Is The Best Credit Report To Get and Why?
Checking your credit can provide you with peace of mind and can help to keep in touch with your financial well-being. Unless you have access to the best credit report, you may be unaware of inaccuracies that could prove to be destructive when calculating your credit score.
By:
Debbie Visserl
HSBC Credit Card – Should You Use The HSBC Credit Card?
I recently signed up for an HSBC credit card. After doing some research I found some information on this card that you need to read about. Read this review now…
By:
James Falconl
How to Avoid New Store Card Charges
Everyone knows that store cards can be a very expensive way to borrow money, even in the short term. However now even savvy spenders are being hit by extra fees and charges. Here’s how to avoid them.
By:
Emily Gortonl
Five financial products for your Christmas shopping
It’s money and creativity, rather than actual financial products, that’s really necessary when you’re doing your Christmas shopping but the financial products can certainly help. This guide hopes to show that.
By:
Julia Cookl
Bad Credit Divorce – How to Repair Your Credit Rating after Divorce
A divorce is not a pleasant proposition under any circumstances. Apart from the emotional turmoil the couple undergoes, there is also the question of credit report and credit history because while in a marital relationship, the two people become used to sharing loan payment and credit amount. There are joint loan accounts that need to be cleared, mortgage or otherwise.
By:
Madison Bakkerl
Applying for Frequent Flyer Credit Cards
A lot of Australians like to use frequent flyer credit cards, unfortunately many Aussies are paying too much for these cards. Even though they are convenient and they can save you money on airline tickets these cards can be quite costly.
By:
Johnl
How To Get A Credit Card? – 3 Tips And Guidelines
Today, having a credit card has become a virtual necessity. Without one your financial options are severely limited. Whether your credit is stellar or dismal there are various types credit cards that you can apply for.
By:
Dan Karasl
The CamelBak Hydration Pack : Form and Function Combined
Truly an example of good structure and functionality in a sports equipment, the CamelBak hydration clique gives consumers an first class selection for water needs in a sort of out of door activenesses. Not only are these hydration packs very helpful in rendering ample
By:
machimal
Sports and Fitness>
Extreme Sportsl
Sep 17, 2010
Integration of Debts – Good Idea?
Debt integration mentions to taking out one big loan to pay off all of your smaller loans such as charge card debt. Like all fiscal plays to get out of debt promptly, this one has its professionals and flimflams.
By:
machimal
Finance>
Debt Consolidationl
Sep 17, 2010
Debt Consolidation is a Good Idea – Know the Reasons Why
With a big and increasing number of honorable Americans having 1000s of one dollar bills of debt from credit cards, medical bills, retail funding and other indebtednesses, many are wondering whether consolidating their quantities owning would be a good thought. Debt integration companies often lay claim that their productions have helped one thousands of citizenries
By:
machimal
Finance>
Debt Consolidationl
Sep 17, 2010
The CamelBak Hydration Pack : Form and Function Combined
Truly an example of good structure and functionality in a sports equipment, the CamelBak hydration ingroup gives consumers an first class option for water needs in a form of outside activenesses.
By:
machimal
Sports and Fitness>
Outdoor Sportsl
Sep 14, 2010
CamelBak Hydration Pack : Innovation for More Outdoor Enjoyment
Being one with nature is one of the most pleasurable activities for a multitude of the world’s population. These activities, alas, are also activenesses where one is most exhibited to harmful chemical elements and experimental conditions. Heat energy, atmospheric condition changes, want of potable body of water, and inaccessibility of medical installations are just some of the genes that set dangers to those locking in out of door activenesses.
By:
machimal
Sports and Fitness>
Outdoor Sportsl
Sep 13, 2010
Water On-the-Go : CamelBak Hydration Pack to the Rescue
Tiredness and muscular tissue achings can slow down a tramp or biker and take quite an bit of play out of the activeness. These physical disabilities come about when the body ‘s hydration balance is interrupted. The body is pent mostly of water. About 60 % of the body’s opus is water. Keeping such a balance is necessary in order to keep up optimal dead body functioning.
By:
machimal
Sports and Fitness>
Outdoor Sportsl
Sep 10, 2010
Purchasing a Fender Stratocaster on eBay?
If you are looking a Fender Stratocaster, eBay is probably worth a browsing. Many illustrious guitar players preferred the Strat, so why not try to get this magisterial instrumental role for a buy cellar Leontyne Price? .
By:
machimal
Arts & Entertainment>
Musicl
Sep 05, 2010
Famous Fender Stratocaster History
Fender Stratocaster story begins with the adult male some peoples send for the male monarch of breaker medicine. Dick Dale is the adult male who some believe cooked up breakers music as early as the 1950’s. No, it wasn’t the Beach Boys. It was Dick Dale.
By:
machimal
Arts & Entertainment>
Musicl
Sep 05, 2010
Add new Comment
Your Name: *
Your Email:
Comment Body: *
Verification code:*
* Required fields
Submit
Your Articles Here
It’s Free and easy
Sign Up Today
Author Navigation
My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box
machima has 41 articles online
Articles Categories
All Categories
Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing
Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building
]]>
Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog
Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Webmasters
RSS Builder
RSS
Link to Us
Business Info
Advertising
Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2010 Free Articles by ArticlesBase.com, All rights reserved.
For more credit related articles like these go to: http://www.billconsolidationgo.com/
Raise a credit score by 100 points by making sure everything on your credit report is correct, making payments on time, paying off debts and avoiding lots of credit inquiries. Dispute incorrect items that appear on a credit report with instructions from acertified financial consultant in this free video on credit reports. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz
Fast Credit Repair
Related Raise Credit Score Articles
