5 Easy Ways To Improve Your Credit
a good credit score is essential. lenders determine the interest rate you receive on mortgages, credit cards and personal loans by using your credit score. using these tips can help you raise your score. one. make your payment on time. make your payment five to seven days before it is due to ensure the rise by the due date, but yet set up an online account and make your payments electronically. two. control your debt. credit cards are plastic money, and before you know you reach your credit limit, don't purchase what you can't pay off quickly. three. reduce the amount of debt you owe. pay off small loans or credit cards and pay down another debt as much as you can. reducing the amount you owe will raise your credit score several points. four. don't go over your credit limit. going over your limit or keeping high balances can drastically lower your score. five. control your spending. opening several credit card accounts in a short period of time will lower your score. anytime you have trouble making payments, contact your lenders. many will offer assistance to help you through difficult situations. beware companies that offer to repair your credit. some of these companies charge large fees and offer little or nothing in return. the best advice is to fix your credit issues yourself. contact lenders directly and contact the national foundation for credit counseling. this agency can help and they charge minimal or no fees.