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

Common Reasons For Visiting An Orthopaedic Surgeon Common Reasons For Visiting An Orthopaedic Surgeon
Health4 days ago

Common Reasons For Visiting An Orthopaedic Surgeon

Have you suffered regular knee or back pain? Do you feel tired or stiff for a long time after resting...

Best Wholesale Beauty Product Suppliers In 2020 Best Wholesale Beauty Product Suppliers In 2020
Business5 days ago

Best Wholesale Beauty Product Suppliers In 2020

Beauty products include a range of goods that are used to care and enhance the appearance of your face, hair,...

Big Things A Digital Marketing Business Conducts Big Things A Digital Marketing Business Conducts
Tech1 week ago

Big Things A Digital Marketing Business Conducts

The customary word “ad” is defined as a communication procedure between the group of onlookers and the imminent business moving...

International Shipping In A Global Pandemic International Shipping In A Global Pandemic
Business1 week ago

International Shipping In A Global Pandemic

The Covid-19 pandemic completely turned the world on its head, in more ways than one. Beyond the devastating medical challenges,...

8 Ways To Reduce Stoke Risk 8 Ways To Reduce Stoke Risk
Health1 week ago

8 Ways To Reduce Stoke Risk

Stroke is the fifth leading cause of death in the United States. To help you understand how severe and common...

Top Whey Protein Recipes To Lose Your Body Fat Top Whey Protein Recipes To Lose Your Body Fat
Lifestyle2 weeks ago

Top Whey Protein Recipes To Lose Your Body Fat

Losing weight and keeping the kilos off is not an easy thing to do. Everything from what you consume to...

5 Amazing SEO Tools to Spy On Your Competitor's Website 5 Amazing SEO Tools to Spy On Your Competitor's Website
Tech2 weeks ago

5 Amazing SEO Tools to Spy On Your Competitor’s Website

So, you’re running an online business, and you surely want your business to get the best results. But, there are...

Keep .eu Domain After Brexit Keep .eu Domain After Brexit
Tech3 weeks ago

Keep .eu Domain After Brexit

Domains are becoming as essential as someone’s own home in the world of internet. Internet users are always looking for...

How To Use Apple Cider Vinegar With Mother To Maximize The Health Benefits How To Use Apple Cider Vinegar With Mother To Maximize The Health Benefits
Lifestyle3 weeks ago

How To Use Apple Cider Vinegar With Mother To Maximize The Health Benefits

Apple cider vinegar is used in many different household chores like floor washing, cleaning, doing dishes, vegetables and fruits washing,...

8 Tips from Dermatologists For Gorgeous Skin 8 Tips from Dermatologists For Gorgeous Skin
Health3 weeks ago

8 Tips from Dermatologists For Gorgeous Skin

We all wish of a flawless and glowing skin, but it’s not always easy to figure out the skin care...

Uterine Fibroids: What Are Its Causes, Symptoms, and Treatments? Uterine Fibroids: What Are Its Causes, Symptoms, and Treatments?
Health3 weeks ago

Uterine Fibroids: What Are Its Causes, Symptoms, and Treatments?

Uterine Fibroids are non-cancerous tumors that develops in a woman’s uterus. They are also called leiomyomas or myomas and appear...

Electric Stove or Gas Stove? Which One is Better? Electric Stove or Gas Stove? Which One is Better?
Home Improvement4 weeks ago

Electric Stove or Gas Stove? Which One is Better?

While remodeling your kitchen to include some kitchen essentials or buying a whole new house, you might be comparing electric...

6 Surprising Health Benefits Of Making Origami 6 Surprising Health Benefits Of Making Origami
Health4 weeks ago

6 Surprising Health Benefits Of Making Origami

It has been centuries since Origami has been developed, and until now, people still use this art. This is not...

Personal Protective Equipment That Protects You From Workplace Hazards Personal Protective Equipment That Protects You From Workplace Hazards
General4 weeks ago

Personal Protective Equipment That Protects You From Workplace Hazards

The workplace is full of hazards. Whether you’re working in the construction sector, the automobile industry, manufacturing, or any other...

3 Tips to Finding Financial Savings 3 Tips to Finding Financial Savings
Finance4 weeks ago

3 Tips to Finding Financial Savings

If you’ve not been doing the best of job finding savings over time, don’t you think now would be a...

Categories

Archives

Trending