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Easy ways to improve your credit score fast

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Your credit score is like a snap shot, just capturing a moment in time. When one of the major credit bureaus “pulls” your score it is determining your score by what is on your credit report at that instant. – PowerPoint PPT presentation

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Title: Easy ways to improve your credit score fast


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Easy Ways to Improve Your Credit Score Fast
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About Us
RL Krmer LLC is one of the top credit consultants
and personal financial Training Firm in the US
which is headed by Richard Kramer. His passion,
research, results, and willingness to be
accessible to his clients have helped countless
people repair and improve their credit scores and
maintain a healthy financial lifestyle for nearly
35 years.
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What is Credit Score?
Your credit score is like a snap shot, just
capturing a moment in time. When one of the major
credit bureaus pulls your score it is
determining your score by what is on your credit
report at that instant. Creditors report your
activity and balances at different times during
the month. Some credit inquiries show up the
moment theyre run, while others appear 30 or
more l days later. Your score can literally
change from day to day, and even minute to minute!
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Keep your credit card balances low
Keep your balances low. The less you owe on your
credit cards, the better your credit scores will
be. Keep all of your balances below 25 of your
credit limit. If you are carrying a high balance
on one card and small balances on others, try and
spread your balances out between all of your
cards so that no individual card has a balance
higher than 25 of its credit limit. For even
better credit scores, pay your credit cards off
monthly. Its a great feeling to have no debt,
but its also important to use each of your
credit cards at least once every three months to
keep the accounts active and reporting to the
credit bureaus.
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Ask for an Increase in your Credit Limit
This is an easy way to reduce the ratio of your
credit limit to your balance (utilization ratio)
and create a credit score increase. If you have
been paying as agreed for at least five to six
months go ahead and ask for a credit line
increase! Keep in mind that the credit limit
increase is for increasing your credit scores
not to borrow against. The higher your credit
limit and the lower your balances the better off
you will be.
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Avoid Obtaining New Credit
If you get a new mortgage or a new auto loan,
your credit score will take a hit! Experian,
Equifax and TransUnion scoring models all factor
in new credit as a negative item, reducing your
credit score. Fortunately this only lasts for
about six months until a positive re-payment
track record is established. As with your credit
card accounts, the credit bureaus (Experian,
TransUnion and Equifax) scoring models also look
at the amount you have borrowed against what you
owe on your home mortgage and auto loan. Loans
that have been paid down overtime are a huge
positive when it comes to increasing credit
scores. Making more than the minimum monthly
payments on these loans will quickly reduce your
payoffs and boost your scores!
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Have Negative Items Removed from your Credit
Report
If you have negative items on your credit report,
fixing them is an easy way to improve your credit
score. First, you need to review all three of
your credit reports, one each from Equifax,
TransUnion and Experian see if you have any
derogatory items. Review them carefully for
negative items and items that may not even be
yours! Eighty percent of credit reports have some
type of error. For get your three credit reports
and scores go to http//www.rlkramer.com/links/
. Free credit reports without scores are
available once a year from http//www.annualcredi
treport.com
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Contact - RL Kramer
RL Kramer LLC 424 Baker Ave, Unit
1664Whitefish, MT 59937Phone
406-730-7989Fax 866-352-2595Email information_at_
rlkramer.com 
Connect on Social Media
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