10 Steps To Improving Your Credit Score
If you are looking to make a larger purchase in the the next year you need to get your credit in good standings. Your credit score is one factor in determining if you can get a loan and what interest rate. Here are 10 steps to help you improve your credit.- Pay your bills on time by the due date and before the grace period.
- Don't over estimate what you can afford to pay.
- Keep balances less than 50% of extended credit limits.
- Avoid disputes that result in collections or judgment's.
- Check you credit report at least once a year at AnnualCreditReport.com to be sure its accurate.
- Pay all accounts that are past due. Avoid making late pay a habit.
- Increase your credit limits, but try to maintain low balances.
- Use your credit wisely.
- Don't allow other's to use your credit.
- DO NOT close accounts. It can effect your score in a negative way if you had an account for any length of time.
Susan Jacobs is an Associate Broker with Re/Max Gateway in Gainesville and affiliate agent for Homes For Heroes. She enjoys helping families achieve their real estate goals, whether buying, selling or renting. Her vast knowledge of Prince William County is a result of having lived in both the eastern and western ends of the county. For information on real estate in Prince William County, Manassas or Manassas Park visit www.SusanJacobs.com Too find out what you need to know before buying or selling visit www.PrinceWilliamCountyHomeInfo.com
