Improve your value by improving your credit score.
In this world where everything is going credit, our credit score is a big deal. But there is always a thing in my mind, and that is how I can improve my credit score.
We are living in the modern age where each and everything has become so flexible and convenient.
And one of the prime examples of this modernization lies in credit banking. Credit banking is one of those things that helps you to not only purchases something, but to pay off as you want.
One of the main factors that decide your credit shopping, is credit score.
Credit score is nothing but the numerical expression, that is done on the basis of person’s credit files.
It is all up to credit score that decides the credibility of an individual, and on the basis of that, companies evaluate the risk of their money.
Credit score generally ranks from 300-850 points. Any score beyond 700 is generally considered as good. Where as the score between 300-579 considered as poor, and credit score beyond 800-850 is termed as exceptional.
So, overall it is a very big deal. It needs to be maintained because it is something that will derive your future credits.
Having a good credit score is necessary, because not only it defines your credibility, but it also explain, whether you are qualified for loan or not.
There are a lot of people who are dealing with a poor credit score, and are looking to improve credit score.
If you are one of those, who are constantly saying to everyone that you want to improve my credit score, we are going to help you.
I will tell you 8 tips, that helped me to improve my credit score and these tips will help you as well.
8 tips to improve your credit score.
1. Your basic reports need to be correct
Well, this one is the most basic thing I have done to improve my credit score. This is something that 99% of credit score holder does correctly.
You just can’t do any kind of mistakes here. You need to be honest and correct with most of the stuff here.
This stuff basically includes your general information that includes, name, address, phone number and other things. It needs to be correct and genuine.
2. Your credit reports need to be correct
Generally, we have three types of credit reports. Experian, equifax and transunion. By giving each and everything genuine about it, this is how I improve my credit score.
These things are one of the biggest things that create your reputation in your credit company. This needs to be correct all the time.
3. Rectify your error in credit report
As I said above that your credit report plays a good role in setting up your reputation, but this segment has much chances of mistake.
There is always a chances that you may commit some kind of mistake in your credit report. Here, you need to see what kind of mistake it is, if it is some kind of mistake related to misspelled name or address, no need to worry, just rectify it.
I have rectified many little mistakes in my credit reports, and has been able to improve my credit score.
4. Become an authorized user
I am an authorized user and trust me, it helped me a lot to improve my credit score.
These are some of those things that not only help you to create a good credit score, but helps you in the long run as well.
5. Check your limits
Checking my limit is an another way, how i improve my credit score. This is something you need to note down.
You need to be sure that your reported credit limits are current vs. lower than they actually are.
If your card issuer forgot to mention your credit limits, make sure you are doing this.
6. Pay bills on time
No doubt this is the best way how I improve my credit score. There is no way you can deny this.
Just like tax and death are the more certain things, your credit payment needs to be certain as well.
There is no need to postpone it, pay as early as you can. Not only it will make your shoulders light, but it also helps you to improve your credit score.
This will also shine your reputation in the company, you are dealing with.
7. Fix your late payments
What are the biggest reasons why your credit score is poor? There are many reasons, but in my opinion, not fixing your late payments is the biggest one.
We all feel that by just closing our account with missed payments will help us to get rid of them, but that’s not the case.
You need to pay all the last payments you need to make. This will be the new beginning to improve your credit score.
8. Get a credit card
Getting a credit card, is how I improve my credit score. This really helped me a lot.
One of the main reasons why our credit score suffers is due to many reasons, and not having a credit card is one of them.
Not having a credit card will not only affect your credit score, but will also work as a curtain call of so many privileges you can enjoy with it.
Above mentioned things are not that tough, all it requires is, attention, sincerity and honesty.
Getting a good credit score is not that easy though. Most of the card holder find themselves in either poor or fair score most of the time.
But it is not impossible. All you have to do, is just follow above mentioned tips and all will be fine. Because that’s what I have done to improve my credit score.
This is all for now. What do you think about these tips to improve my credit score? Is there any other way by which I can improve my credit score?
A disciplined child by day, who is proudly following straight edge culture.