Ways to Improve Your Credit Score
Your credit score is very important. It is a deciding factor whether you get hired or be approved of a mortgage. Your responsibility towards your credit score is to keep it high so that you can qualify to great jobs and to low interest loans.
This post enumerates the several ways you can do to improve your credit score.
#1 Know what your credit score is.
Don’t be blind about your credit score just because you don’t incur debts too often. There are times when the information on your credit report is not accurate. This may be the reason why you have not sealed that dream job yet.
#2 If there are errors, have them fixed.
Whether it is a discrepancy on your name, address, work history or worse your credit score, immediately have these mistakes fixed. Write a letter to the credit bureau to have the matter settled immediately. While this may take time, it is better than not doing anything.
#3 Limit your credit use to 20% of your credit.
Just because you have a high credit limit does not necessarily mean you can use all that credit. Doing so would lower your credit score as lenders would think you are in great need of all that credit.
#4 Don’t use your credit cards rather than cancelling them.
Cancelling your credit card reduces your available credit which simultaneously lowers your credit score. Avoid this by simply not using your credit card.
#5 Build up your credit by using your credit card once in a while.
Using your credit card once in a while can build up your credit history. You can do this by using your credit card to pay for low cost items and clearing up the bill as soon as possible. Make sure to keep your debt manageable so that you can pay the bills in full every month.
#6 Pay your debts.
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