Are you in the
hunt for ways to fix your credit score?
If yes, then go through these simple but very useful credit repair tips, which
in turn will not only improve your credit record but also help you avail loans
and insurance at the best possible rates:
ü Get a credit
card: If you don’t have any credit card, then get one or two as soon as
possible. In case you are finding it hard to qualify for a credit card, then
you can consider the option of a secured credit or debit card. Make sure your
credit reports to all the three credit bureaus.
ü Add a small
installment loan: This is also one of the fastest ways to improve credit
scores. Get a small personal loan, which you can pay back in time. This in turn
would get you painted as a more responsible person in the eyes of credit
bureaus.
ü Pay down credit
cards: While paying off installment loans is good, but nothing works better
than paying down credit cards. Most financial institutions and lenders like to
see balances below 30% of your card limit. Moreover, it is better to pay down
the card which is closest to its limit.
ü Get significant
errors corrected: Credit scores are usually calculated on the basis of information
being furnished on your credit reports. There’s always a chance of certain
errors, which can cost you big time. So, go through the entire report carefully
and ensure that all the credit limits being reported are not lower than they
actually are. Also, get the negative items struck of the list which are older
than seven years.
All these tips
would help you fix your credit score
in a short period of time.
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