So I have touched on it before, but nothing in-depth... What is the best way to raise credit scores? We know how important they are, but people have the most trouble raising or keeping their score high. These steps should get you headed in the right direction!
1. Pay your bills on time- This would seem like an obvious thing, but this is the easiest way to bring your credit score up. If bills are constantly being late or not paid on time, it will definitely bring your credit score down and fast! So if you wonder why your credit score is dropping, take a look at those unpaid student loans or doctor bills.
2. Pay bills OFF- right behind paying them on time is actually getting the fulfillment of paying a bill completely off. It shows that you honor the agreement of paying off the loan in full and shows you can be trusted. Having a few items completely paid off does wonders for your credit score. These items are needed when looking to purchase things such as houses and maybe even cars.
3. Using Credit cards - using CCs is a great way to get that initial building up of credit, as long as you are very responsible with it; which means paying off majority of balance at the end of every month. This keeps your credit in use and shows month to month payments, if they are on time the credit company will increase your limit which looks good on a ratio they calculate. Also, if you pay off the entire balance of a purchase, you will save money by avoiding interest charges.
Overall the three steps above will get you on the right track to raising ,maintaining, or keeping your credit score high! Best of luck!
1. Pay your bills on time- This would seem like an obvious thing, but this is the easiest way to bring your credit score up. If bills are constantly being late or not paid on time, it will definitely bring your credit score down and fast! So if you wonder why your credit score is dropping, take a look at those unpaid student loans or doctor bills.
2. Pay bills OFF- right behind paying them on time is actually getting the fulfillment of paying a bill completely off. It shows that you honor the agreement of paying off the loan in full and shows you can be trusted. Having a few items completely paid off does wonders for your credit score. These items are needed when looking to purchase things such as houses and maybe even cars.
3. Using Credit cards - using CCs is a great way to get that initial building up of credit, as long as you are very responsible with it; which means paying off majority of balance at the end of every month. This keeps your credit in use and shows month to month payments, if they are on time the credit company will increase your limit which looks good on a ratio they calculate. Also, if you pay off the entire balance of a purchase, you will save money by avoiding interest charges.
Overall the three steps above will get you on the right track to raising ,maintaining, or keeping your credit score high! Best of luck!