48Days.NET

5 Sneaky Ways To Improve Your Credit Score

If you have been refused for credit due to poor financial decisions in the past while applying for an auto loan, a mortgage or a credit card, then it’s time to repair your credit score. Credit score is defined as the credit history for a certain period of time. So, if you start handling your credit in a more responsible way, then it changes as new information is added to the credit report. Here are some ways to repair your credit score. Just have a look!

On-time Bill Payments

If you haven’t been paid on-time bill payments before, then it’s the time to change this habit. You need to schedule auto-payments as it assures you will never be late again. No matter what you have done in the past, it’s never too late. Get current and stay current. When you pay on-time, it will update positive information on your credit report.

Review Your Credit Report

It’s another important step when it comes to bad credit. You have to closely review your credit report as errors happen. Here’s how you can assess your credit report;

  • Check for the accounts that aren’t yours
  • Check for the accounts with a wrong credit limit and account date listed
  • Social Security numbers and names that aren’t yours
  • An address that doesn’t belong to you
  • Listed late payments that are 7 years older

Pay Off Your Debt

Now another thing that helps to repair your bad credit is by paying off your debts or clear outstanding balances right away. The debt-to-credit ratio is being calculated by comparing the total reported debt by the total credit available and if these numbers are too close, then your credit score can suffer. Consolidating debt onto one lower interest cards would be a bad idea. Your credit score drops due to the credit inquiries and opening new credit.

Use Credit On A Regular Basis

You should use the credit on a regular basis, so creditors can update your credit report with the latest information. I know it’s good to use a debit card or cash in order to keep up a budget, but such lifestyle doesn’t help much in improving your credit score. A simple and easy way to use credit is with a credit card. If you already have a credit card, then start using it responsibly. If you have a long credit history, it would also be a positive determining factor in your credit score. So, activate your inactive cards right now to get benefited.

Keep An Eye On Your Credit Report

Last, but not the least, you have keep an eye on your credit report to know whether your hard work is paying off or not. You should monitor and keep tabs on account activity. And if, in case any fraudulent activity happens, you’ll get to know it on time. You can also go for credit repair services that usually charge a little amount to examine your  credit reports and scores. 

Views: 14

Comment

You need to be a member of 48Days.NET to add comments!

Join 48Days.NET

Coaching Mastery Program

Interested in being a 48 Days Certified Coach?  Check out our elite program here:

Check it out!

Follow 48 Days:

Have a question or want to connect? Enter in some keywords here to see what we're already saying!

Interested in the next step beyond this community - with more hands-on interaction with Dan and other 48 Days Mentors? Check out our new membership site!

Weekly Podcast

Hosted by Dan Miller

Good stuff from 48days

Sign up for the FREE weekly 48 Days Newsletter HERE
Check out Dan's 
daily blog and 
free worksheets
Get the 48 Days App!


 


Have a question or want to connect? Enter in some keywords here to see what we're already saying!

 

© 2017   Created by Jon Dale.   Powered by

Badges  |  Report an Issue  |  Terms of Service