Credit Repair Credit Report

5 Quick Steps To A Better Credit Score

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Learn how to manage your credit score and improve your creditworthiness
Think of your credit score as a picture of your credit risk. This picture reflects your risk at a specific5px point in time. A picture does not change; however, when you take another one, you will probably look a little different. Similarly, when your credit information changes, your score will also change to reflect the updated information.

There are steps you can take to ensure that each time a new“credit picture” is taken, it shows your best side.

By observing the following guidelines, you can influence your credit worthiness for the better:

  • Be punctual

    Pay all your bills on time. Late payments, collections, and bankruptcies have the greatest negative effect on your credit score.

  • Check your credit report regularly and take the necessary steps to remove inaccuracies

    Don’t let your credit health suffer due to inaccurate information. If you find an inaccuracy on ryour credit report contact the creditor associated with the account or the credit reporting agencies to correct it immediately.

  • Watch your debt

    Keep your account balances below 50% of your available credit. For instance, if you have a credit card with a $1,000 limit, you should try to keep the balance owed below $500.

  • Give yourself time

    Time is one of the most significant factors that can improve your credit score. Establish a long history of paying your bills on time and using credit responsibly. You may also want to keep the oldest account on your credit report open in order to lengthen your period of active credit use.

  • Avoid excessive inquiries

    A large number of inquiries occurred over a short period of time may be interpreted as a sign that you are opening numerous credit accounts due to financial difficulties or overextending yourself by taking on more debt than you can easily repay

About the author

Shelly Evans

Shelly Evans is a freelance writer and loan consultant. She specialize in writing articles about obtaining financing despite having bad credit. She has more than 16 years in consumer credit and collections and 4 years in business financing.

1 Comment

  • I wish someone told me to keep my allowed amount below 50%! I think a huge mistake people make when they are new to credit is taking advantage of it. They think, well, why use my money when I have this right here? I certainly did that but I then would spend the actual money I had. Credit should be used as a back up in case you don’t have enough. If you have the money NOW, use it NOW. Don’t do what I did and use the card even though you can afford what you are buying out of pocket.

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