How To Increase Your Credit Score Quickly

1
(No Transcript)
2
How To Increase Your Credit Score Quickly
3
Easy Ways to Increase Your Credit Score

• Your credit score can have a significant impact
  on your life, from the terms of your auto loan to
  your ability to get new credit cards. If you want
  to raise your credit score as quickly as
  possible, there are some best practices you
  should follow to ensure it happens as soon as
  possible. In this article, well show you how to
  increase your credit score quickly and give you
  tips that will help you keep that score up over
  time.

If youre looking for ways to increase your
credit score quickly, there are several things
you can do. First, check your free credit report
at least once a year. You can get one free copy
of your report every year from each of the three
major credit bureaus. This is an important step
because it helps you see what information is on
file with each bureau so that you know which
companies need updates. To increase your score
quickly, be sure to list all of your accounts and
stay current on any payments. This includes
medical bills and utility bills since these
factors heavily influence your score as well. Do
not apply for new credit unless absolutely
necessary preferably wait a minimum of six
months before applying to ensure that youre
not sabotaging yourself by opening up new lines
of debt. 
4
Tips to Improve Your Credit Score

• Finally, consider working with a financial
  advisor who specializes in helping people build
  their credit scores. In addition to providing
  advice based on your unique situation, many
  professionals work directly with lenders and
  other potential creditors to make sure issues
  dont arise during loan processes or after
  theyve been approved. These small steps will
  help you take control over where your score goes
  from here!

Improving your credit score takes a lot of work,
but its worth it. Here are some tips for
improving your credit score Make payments on
time. Paying bills and loans on time is one of
the best ways to increase your credit score over
time. When you make payments on time, you prove
that you can handle responsibility and make good
decisions about money management. Overpay your
debt. If you have any debt at alland especially
if its high-interestoverpaying just a little
bit can have a big impact on your credit
score. In fact, as much as 35 of your FICO score
is based on how much available debt you use
compared to how much available debt you have
access to at any given time. So if there are
credit cards or other forms of debt with which
you have an open balance, pay them off as much as
possible so they dont take up so much room in
comparison to everything else.
5
What is a Good Credit Score?

• A good credit score is one that allows you to get
  loans at favorable interest rates. Having a high
  credit score can mean big savings on your
  mortgage or car loan, as well as lower costs for
  utilities and insurance. Since money is usually
  borrowed with these types of loans, it makes
  sense that having a higher credit score could
  help you save a significant amount of money over
  time. In general, there are five main factors
  that go into calculating your credit score
  Payment history (35), amounts owed (30), length
  of credit history (15), new credit (10) and
  type of credit used (10). Start by paying off
  debt in full every month set up automated
  payments if necessary.
• Then look into how long youve had an account
  open while old accounts dont necessarily give
  you a boost, they may make up part of your score
  if closed accounts might appear risky to lenders.
  Next, consider making small charges every few
  months so youre most recent accounts arent left
  out altogether when potential creditors check
  your profile. And finallyas tempting as it might
  beavoid opening too many cards at once, even if
  they have enticing sign-up bonuses or low
  introductory APRs.

Steps Towards Improving your Credit Rating
Once you realize how important it is to have a
good credit score, youll want to do what you can
to improve your own. The first step in doing so
understands what factors influence your credit
scores.
6
There are many of them, but some of the most
common include

• 1) Amount owed on revolving accounts (like credit
  cards).
• 2) Length of credit history.
• 3) New inquiries on your report.
• 4) Types of credit used (or not used).
• As you can see, there are lots of things that go
  into determining whether or not lenders will give
  you moneyand your score will be based heavily on
  that information. Once you know these factors,
  though, there are plenty of things you can do
  toward improving them. One way to do so is by
  making sure all of your bills get paid every
  month. If they dont, creditors could mark it as
  late, which will negatively impact your credit
  rating for years to come.
• Another way to boost your score is by spending
  less than you make each month and keeping
  balances low across all lines of credit. This may
  seem counterintuitive since high scores require
  low debt-to-credit ratios, but more importantly
  having a high amount owed relative to whats
  available from lines of credit means potential
  creditors wont trust you with more money down
  the line.
• Lastly, if you ever want a big loan, such as a
  mortgage or auto loan for exampleits smart to
  open at least one new line of revolving credit
  before approaching creditors about borrowing
  bigger sums.

7
Contact Us

• Address - 18930 HWY 18 STE 101 Apple Valley CA
  92307
• Email - info_at_thecreditscoreking.com
• Phone - 1 909-329-4882
• Website - https//thecreditscoreking.com/
• Blog - https//thecreditscoreking.com/how-to-incre
  ase-your-credit-score-quickly/