|
101 Powerful Tips for
Legally
Improving Your Credit Score
Develop an Organized
Strategy to Repair Your Credit Score
Page 1 of 2
Writing your goals on a
calendar or planner you look at everyday will motivate you to
keep working on your credit repair and will keep you making the
small steps that can lead to better credit. If you review how
far you have come each month or week, you can really keep track
of your progress and see how much you still have to do.
Tip #64: Take care of the
details when applying for credit or for a credit report
Little things make a big
difference. Misquoting your social insurance number or using a
slightly different name (Jane Doe Smith instead of Jane Smith)
can make a big difference, since credit bureaus can count the
two names as different people. Making sure that you fill out
each financial form accurately and in the same way can go a long
way in ensuring that there are no mistakes in identity that can
affect your credit score.
Tip #65: Don’t make the
mistake of thinking that small differences in credit scores or
loan interest rates won’t make a big impact
A few points on a credit
score can mean the difference between a lender offering you a
prime rate reserved for the best credit risks and the worse
interest rate offered to less than prime customers. This may
amount to only a few percentages in different loan rates, but
this can make a huge impact, especially on a large purchase.
For example, a few percentage points on a long-term fixed-rate
loan can mean the difference between tens of thousands of
dollars saved - or tens of thousands of dollars overspent.
It is in your best interest
to boost your credit score by every percentage point you can and
to fight for the very lowest interest rate loans you can. After
all, if you have larger payments each month due to a higher
interest rate than you deserve, it will be harder for you to
repay your bills. Also, you will qualify for fewer loans if you
have higher-than-needed interest rates, as you will be able to
afford fewer of the larger monthly
payments.
Tip#66: If you need to
repair your credit, stay organized with a to-do list that
ensures you won’t forget anything
As you can likely tell by
now, credit repair is not one magical solution but rather lots
of relatively small things you can do to help repair your
credit. To make sure that you don’t over look any one thing,
you may want to develop a to do list that you can post and check
off.
You may list credit accounts
you need to close, accounts you need to pay down, people you
need to contact, and things you need to check out or research.
As you tick off each item, you will get a real sense of
accomplishment knowing that you are taking steps to improve your
finances. Keeping a credit repair checklist posted will also
keep you on track and let you know what you still need to do.
Tip #67: Automate your
finances
Thanks to automatic bank
payments, you can have your bills taken out of your checking
account each month or even charged to your credit card. If you
are the sort of person who gets dings on their credit report
because you can never remember to pay your bills on time, this
can be a very useful service.
You can even set up your
email service to send you automatic reminders of bills that are
due soon so that you can pay them. This sort of automation is
one of the nicer things about high-tech living and can help you
keep your credit score clean if your credit score suffers mainly
from your own forgetfulness or disorganization.
>>>
Table of Contents
Debt Relief News MSN
[an error occurred while processing this directive]
Google [an error occurred while processing this directive]
Yahoo! [an error occurred while processing this directive] |
