Connect with us

Business

Great Ways To Boost Your Credit Score

Great Ways To Boost Your Credit Score

It’s a fact that unexpected things will happen to you in your lifetime. Your car could break down, you can lose or job or — even worse — your home could catch fire and ruin everything. Anyone who has been through these situations could tell you that while insurance can help, there are some situations where an extra cash source could come in handy.

Enter the world of credit. Loans, credit cards, cash advances and many more situations depend on your personal reliability as an individual, or as it’s called in the business world, your creditworthiness. An individual’s creditworthiness is a mixture of one’s credit history — which includes a record of credit card and loan payments and debt — and a credit rating (or score), which is a three-digit number that gives individuals an “at a glance” summary of one’s credit.

But mistakes can happen and things don’t always go as plan. Loans can go unpaid, cars may be repossessed and homes are foreclosed upon. These types of actions cause a person’s credit score to go down, making it harder for that person to have future loans and credit cards. Worse still, some landlords and employers will consider a person’s credit score when dealing with them, marring one’s potential for employment or housing.

Getting a low Credit Rating isn’t a death sentence. There are plenty of ways to fix it and help bring yourself back to a good score.

The first thing you need to do is have an updated copy of your credit report handy. In the United States, everyone is entitled to a free credit report once per year, and sites like Equifax will allow you to do so. After you see who is giving you bad credit and why, you can take the following actions:

Great Ways To Boost Your Credit Score

Dispute Bad Reports

Everyone makes mistakes, even creditors. You can dispute bad reports through Equifax, Experian or TransUnion and quite possibly quickly fix some of your bad credit.

Try to Negotiate Terms

As for the bad reports that are not mistakes, there is no harm in trying to make some deals, especially if your debt is from a long time ago. Many creditors will jump at the opportunity to get at least some money back as soon as possible, even if it means setting extremely low payment amounts or forgiving some debt (or interest) altogether.

Try Again

If you think you can do it better this time, get some low line credit cards and use them responsibly. Make small purchases and pay them off on time to start building your credit back up. If you’re having trouble getting a card by yourself, you could always try becoming an authorized user of a friend’s or relative’s card. If you’re doing well, try to keep those credit cards open. Closing cards can impact your credit score.

Pay Bills on Time

Utility payments and cable TV/internet costs can have just as much (or more) of an impact than your credit card debt, and unlike credit cards, you can’t go without them. Don’t bite off more than you can chew, and automate your payments if you’re forgetful.

Continue Reading

Recent Posts

IMG_7357 (1) IMG_7357 (1)
Education1 hour ago

Best Designing Resources Every Kids Book Illustrator Should Read

As business owners in the world of information technology, our wishes always revolve around getting more and more customers to...

close-up-golden-justice-scale-courtroom_23-2147876801 close-up-golden-justice-scale-courtroom_23-2147876801
Law1 hour ago

What to expect from a Criminal Defense Lawyer?

As a member of the close-knit circle of an alleged crime or who is a sentenced criminal looking for an...

Firewood in Sydney Firewood in Sydney
General2 hours ago

5 Types of High-quality Firewood in Sydney to Buy for Clean Burning

Homeowners who use firewood to keep their place warm during winters know that different types of wood burn differently. From...

Xamarin-Developers-1 Xamarin-Developers-1
Tech2 hours ago

Benefits of Xamarin Mobile App Development

Cross-platform apps are the major game changer of the present industry since there is no need to work on multiple...

3d-low-poly-abstract-background-with-connecting-lines-dots_1048-10499 3d-low-poly-abstract-background-with-connecting-lines-dots_1048-10499
Tech1 day ago

10 Benefits of Guest Blogging for Online Business

If you own an online business, then you need to add guest blogging to your digital marketing mix. Guest blogging...

best places to visit best places to visit
Travel1 day ago

10 Best Cities You Need To Visit In Texas

You might have heard a lot of people say that “Everything is bigger in Texas“. Well, there is no doubt...

Home Improvement2 days ago

7 Most Attractive Bookshelves to Adorn Your Home Decor

Whether you’re an avid reader or a design enthusiast, there is nothing you would love more than a stylish and...

barbie barbie
General3 days ago

Let’s not sit Idle and Paint Something New!

We have already listened countless times that “don’t sit idle” and “try to utilize your time productively.” But did we...

Thailand Thailand
General3 days ago

Get the Best things for Thai Bride

Thailand is rich with beautiful girls, and the enormous piece of them wouldn’t fret dating outsiders. These are about the...

10 Largest Cities In Texas 10 Largest Cities In Texas
Travel3 days ago

10 Largest Cities In Texas By Population (2020)

Western countries are way less populated than eastern ones.  But the west is also playing a part in increasing the...

images (3) images (3)
Lifestyle4 days ago

The Greatest Night Clubs in Las Vegas for Bottle Service

Las Vegas is loaded with the dance club and picking one can be a significant undertaking for somebody who is...

medic-563423_1920 medic-563423_1920
Health1 week ago

Why is Investing in Healthcare is the Best Option for Medical Professionals?

Healthcare industry is considered as one of India’s largest sectors, both regarding employment and revenue generation. It is expected to...

Vial Box Vial Box
Tech1 week ago

The need and use of the Vial Box

There are a lot of healthcare professionals and caregivers that have to assist the living facilities and there are a...

We are currently living in the golden age of nesting. Especially as part of the millennial generation, we gravitate towards nesting - ever-changing and thrifting quite often. We are currently living in the golden age of nesting. Especially as part of the millennial generation, we gravitate towards nesting - ever-changing and thrifting quite often.
General1 week ago

How To Buy an Abstract Rug Online and Avoid the Mistakes Involved

We are currently living in the golden age of nesting. Especially as part of the millennial generation, we gravitate towards...

Disabled Disabled
Entertainment1 week ago

Begin Your Love Story With Disabled Dating

We want you to know – you aren’t DISABLED, you are just differently-abled because the only disability in life is...

Categories

Archives

Trending