Categories for Raise Credit Score

Q&A: To raise credit score should i pay off credit card immediately or stretch out payments over a few months?

May 31, 2010 12:14 am Published by

Question by sleighthames: To raise credit score should i pay off credit card immediately or stretch out payments over a few months?
I don’t have debt by any means, first and foremost. I am just starting to live on my own and build my credit and stuff. I got a credit card to help me do that and right now my balance is around $ 600. I can easily pay this off in one month and not think about it again but i heard that won’t raise your credit score any. Someone told me that it is good to leave some balance on your credit card. So, I was wondering should I stretch out the payments over a few months? I would like educational answers only please. I want to do whatever is best for my credit score.

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Best answer:

Answer by En3rgy
it is better to pay off the credit card and continue to make small purchases paying the balance off completly every month. a remaining balance incurrs interest fees which you do not want.
Having the credit card open for a year, showing you pay the entire balance every month boosts you credit score (called revolving credit)

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How to get free credit report to raise credit score?

November 29, 2009 3:56 pm Published by

How to get free credit report to raise credit score?

One of the most essential things that you should work on is your credit score. It cannot be avoided though that sometimes we encounter problems with credit rating because of some situations we just cannot avoid. Thus, you have to look for ways on how you can raise credit score as fast as you can in order to save yourself from any further financial inconveniences. You can find many ways in order to resolve your problem regarding bad credit rating.

Here are a few foolproof ways to improve your credit scores that most people have found very useful:

1. Grab a copy of your own free annual Credit Report. You can get this free if you know where to look for it. Looking into your credit report can help you check for any inconsistency. Do you know how to get free credit report? The best agencies to get these reports for free are Experian, TransUnion and Equifax.

2. Study your credit report carefully. For all you know, you are having a bad credit rating because somebody in the credit bureaus made a mistake. For this reason, we should consider the possibility of credit bureaus committing mistakes when giving credit ratings to individuals. To make sure this is not going to happen to you, you need to analyze and check your credit reports well. Three bureaus that give these credit ratings are: Equifax, TransUnion and Experian.

3. Pay bills on or before the due date. This may sound too simple but this is actually the main reason on why bad credit scores are into existence. So if you aim to get a good credit rating, always try to make sure you pay your bills on time.

4. Never attempt to close your old accounts. Although some people would advice you to close previous accounts, it does not help in raising your credit score. Some say you should close it because it will increase your credit rating, while there are others who say we can increase it by keeping old accounts. The truth of the matter is, when you keep your old account, you have bigger credit available whereas if you close it, it will lower your credit and it will decrease your credit capacity.

If you want to get a good credit rating, you need to handle finances well. It is very important that you watch out for any activity that may cause your credit rating to go down. If at this time you are already having some issues with your finances then now would be a good time to start following these guidelines. This has always worked for a lot of people so it will certainly work on you, too.

And remember ? the first step on the way of new financial freedom is to get free annual credit report as soon as possible. Get one and review it again and again. If you are not sure of what to do, ask people. Ask a friend, a family member or someone who knows about credit reports. And in case there is something strange or unknown ask professionals. Do not allow lenders to reject your application any more. Do not be content with paying high bank fees. Take action to raise credit score immediately.
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Read more on why to raise credit score as fast as possible and get free annual credit report today.



New Law Forcing Credit-Card Issuers to Play Fair

November 27, 2009 5:19 pm Published by

New Law Forcing Credit-Card Issuers to Play Fair
The rules of credit are changing. Consumers will see improvements this month as credit-card companies roll out the latest in a big series of government-ordered reforms on how they operate.
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Read more on WallStreet Journal via Yahoo! Finance

The Credit Guy: Paying off debt to aid score takes time but is worth it
Q: If I pay an account off that has been delinquent since 2005,will the delinquent account stay on my credit for seven years fromthe date of my payment?
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Read more on Arizona Daily Star

Where Do You Stress?
The European stress tests continue to be discussed in the media. The irony is that the stress tests were intended to de-stress the markets. Instead, the response has been all over the place.There were the suspicious:”European Union stress tests found banks need to raise 3.5 billion euros of capital…
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Read more on The Daily Reckoning



Raise Credit Score – Best Ways To Raise Your Credit Score

October 4, 2009 3:23 pm Published by

Raise Credit Score – Best Ways To Raise Your Credit Score

Many people are looking for ways to raise there credit score because after all having a good credit score is very beneficial. When you are looking for a loan you should have a high credit score so that you have the best chance you can to get a low interest loan. If you get into financial trouble or into debt then your credit score can suffer greatly form this. There are some things that you can do to raise your credit score and this is something you should follow to better improve your financial standing.

Find Free: Raise Credit Score Now

First you need to obtain a copy of your credit report so that you can check to see if there are any negative marks on it. If so then you can dispute those items with the credit agency and it is up to them to prove that those marks are valid. If the agency can not get confirmation within a 30 day period that in fact the negative items are accurate on your credit report then they by law must remove them.

You Can: Improve Your Credit Rating

Another great way to raise your credit rating is to always pay your credit card on time. We all get busy and sometimes we can forget to pay them on time but it is always better to never be late.

If you have large balances on your credit cards you need to work to pay these down because having a lot of high balances will keep your credit score low. One great way to do this is to pay extra payments on your bills each month and many people find extra money that they thought they did not have to pay this with.

Remember that raising your credit score is important and you should do something about it now. Get the help you need to raise your score today.

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Bryan Burbank is an expert in the field of Finance and Credit Ratings.

Better credit leads to better interest rates and a raise in credit score. Learn about raising a credit score from aregistered financial consultant (RFC) in this free personal finance video. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
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Raise Credit Score ? 3 Fast Ways

September 18, 2009 5:48 am Published by

Raise Credit Score ? 3 Fast Ways

It’s not uncommon to realize how important a clean credit history is until you go to apply for a loan, need to rent an apartment, or are denied for a job. Fortunately, there are a handful or good raise credit score techniques that can help you get approve for the loan you need. Don’t get discouraged and overwhelmed into think you have to higher a credit report repair professional.

Here are four raise credit score techniques that can work for you:

Reduce Your Available Credit to Debt Ratio: Obviously getting your credit card balances closer to zero will help you credit, but there’s a good reason for that. One of the largest factors when computing your FICO score is how much of the available credit that has been extended to you is being use. If, for example, you have a ,000 spending limit and you have a ,000 outstanding balance, you have used 50 percent of your available credit. Just by simply getting this ration below 30 percent will help you out tremendously.

Remove Erroneous Errors: It is common for your credit report to contain error on it. With the millions of information and data that the reporting agencies have to manage every day, it’s no wonder that credit reports are not completely accurate. Simply review your information and contact the appropriate agency to make the correct changes. According the Fair Credit Report Act, they are required by law to make those corrections or show substantial evidence that the information belongs on your report.

Keep Your Cards Open: One of the biggest mistakes people make when trying to use raise credit score techniques on their own is closing all of their credit cards. Your credit history is a very crucial part of calculating your score. When you close your credit cards, you erase any of that history from your background. By closing accounts you also reduce your available credit to debt ratio, so the best thing is to just keep them all open for now. The number of cards you have on file does not hurt your score. That is a myth.

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Find out how your credit score compares to the national and get your quick credit fix. Download your credit score and reports for free at http://www.thecreditfix.info