A bad credit score can have many negative effects :
A bad credit score can have many negative effects Difficulty renting an apartment or home Unable to purchase a car Not eligible to take out a home loan, student loan, or business loan Denied for a desired job position
Tips to improving you current credit score :
Tips to improving you current credit score Start by reviewing your credit report to check for errors or out of date information that may be damaging your score You can do this by going to www.annualcreditreport.com once a year for a FREE credit report Examples of errors include incorrect credit limits or late payments
What to do about errors on your credit report :
What to do about errors on your credit report Contact the credit reporting company in writing, clearly stating which items you would like to dispute Be sure to send copies of documentation that supports your claim They will have 30 days to review the dispute and correct the information on your report
Tips to improving your current credit score :
Tips to improving your current credit score Pay down your credit card balances Try to never push your cards to their credit limits Having a high balance does not reflect well on your credit report–its viewed as debt A good rule to follow is to keep your balance below thirty percent of your credit limit
Tips to improving your current credit score :
Tips to improving your current credit score Do not close unused credit card accounts This can actually lower your credit score! Long term credit lines look very good on your credit report A better alternative is to only use 1 or 2 credit cards on a regular basis. Use any other credit cards only on special occasion (just enough to insure that the card is active and the issuer of the card is still reporting your information to the credit bureaus)
What to score to strive for:
What to score to strive for A credit score is measured between 300 and 850. Everyone should strive to have an excellent credit score. This can take some time to achieve… be patient