Saturday, August 13, 2011

Helpful credit tips.

Be Punctual - Pay your bills on time each month. Late payments, Collection, and bankruptcies have the greatest negative effect on your credit scores.


Check your credit reports regularly and take the necessary steps to remove inaccuracies - Don't let your credit health suffer due to inaccurate information.


Manage your debts - Keep your credit account balances low.


Give yourself time - Time is one of the most significant factors that can build healthy credit. establish a long history of paying your bills on time using credit responsibly. You may also want to keep the oldest account on your credit report open in order to lengthen your period of active credit use.


Avoid excessive inquiries - A large number of inquires occurred over a short period of time may be interpreted as a sign that you are opening numerous credit account due to financial difficulties or overextending yourself by taking on more debt than you can easily repay. Apply for new credit in moderation.

www.cicreditrepair.com

No comments:

Post a Comment