Top ten simple do it yourself tips to boost your credit score: 1. Do not close older credit cards because you do not use them. They are still reporting as zero balance, no late pay every month. Credit history, the longer the better. 2. Do not max out your credit cards. In fact you need to stay under 20% of your credit limits at all times of the month for a good score. Under 10% for maximum points. 3. You must have credit in your own name. Not joint accounts. Not authorized user. Two cards in your name only. 4. NO late pays!! These are score killers and if accurate on a revolving account will report for 2 years. 5. Mix of credit. Car loan (installment credit) and credit cards (revolving credit) is ideal. 6. STAY AWAY FROM PAYDAY LOANS! They are a trap and illegal and some states. You will never get out of that hole and they DO report. 7. Do not break your lease! Go talk to the apartment management and explain your situation. They may work with you! 8. Call the medical practice or hospital and work out a payment plan. Do not ignore these bills just because they are scary! Most medical practices will work with you and as long as you pay whatever you agree to will NOT report to the credit bureaus. 9. If you are denied credit STOP applying, immediately pull your credit reports and contact me for a free review. There is a reason this happens and identifying it and fixing before it becomes worse is best. It will not get better by itself. Not for 7-10 years depending on what the problem is. 10. Dont fear credit cards. If you dont trust yourself then set up with your power company, or some other creditor, to automatically pay that one bill each month on that credit card. Pay your credit card bill on time and keep the balance under the 20% limit. Lock that card up in a safe, or a safe deposit box at your bank so you are not tempted to use it impulsively! Wishing all you moms a happy mother day, Mark and the BCRX team!
Posted on: Fri, 09 May 2014 14:07:51 +0000
Trending Topics
Recently Viewed Topics
© 2015