We're living in a time with more information than ever before. There are many data points and it can be overwhelming to make sense of them all. What's the best way to get through this deluge of numbers? The answer is simple: focus on the most important ones. In fact, there are only three things you need to know about your credit score for now.
Read on for tips on how to maximize these three pieces of information and keep your credit score high.
1) Keep your accounts open even if they have low balances
2) Pay off any outstanding debts as soon as possible
3) Don't close any old account without checking with the issuer first
1. Put your credit card balance in order
It's not uncommon to have a credit card balance of more than $2,000. That’s why it's important to put your credit card in order and pay off the debt. No matter how much you owe on your credit cards, paying down your balance will make you feel better about yourself. It can also help improve to your credit score and chances of getting approved for loans or new lines of credit in the future because lenders like seeing that you are managing responsibly with what you already owe them.
2. Keep your old cards open
If you are looking to keep your credit score up, it may be beneficial for you to keep one or two of your old cards open. Credit scores take into account the average age of all your accounts and closing an account will reduce that number. Keeping one or two cards open can help maintain a healthy credit score. An example would be if you have opened 5 new cards in the last year but only use 2-3 regularly, then keeping those other 2-3 cards open is helpful because they are still being used on occasion. This helps with getting approved for loans. If this has helped at all please share this article with others who might find it useful.
3. Pay off any outstanding debt on your current card
A credit score is a very important statistic. The higher your credit score, the more financial opportunities you will have available to you. One of these opportunities is a lower APR on your personal loans and an easier time in securing auto insurance benefits. This focuses on how to lower your credit card debt by paying off any outstanding balance on your current card using a new one with better terms that may be offered before making additional purchases or incurring any new charges.
Hire a Credit Repair Company to Get a Higher Credit Score
If you want to get a good credit score, you might consider hiring a credit repair company. Credit repair companies can help improve your credit history by boosting positive records and removing negative ones.
Generally speaking, these services are available for free or at a very minimum cost. You may find yourself paying for the service down the line if it’s not completely free though. Be sure to investigate all potential costs before proceeding with any credit-related services.
Call on (888) 803-7889 and book your appointment now!