Improve Credit Score by 200 Points » credit scoring http://improveyourscore.org Fri, 04 Nov 2011 07:02:00 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 How To Clean Your Credit Score Report http://improveyourscore.org/blog/how-to-clean-your-credit-score-report/ http://improveyourscore.org/blog/how-to-clean-your-credit-score-report/#comments Thu, 23 Sep 2010 04:55:42 +0000 admin http://improveyourscore.org/?p=2493 Yet Another Related Posts Plugin.]]> Here are some tips that show you how to clean your credit score report

Tip # 1 to clean your credit credit score report is to pay your expenses as soon as you get them.

So you’ve made mistakes on your credit in the past. Start over by paying your expenses and bills as soon as possible. It’s a habit you need to get into. If you leave your expenses until a later date, you will always forget to pay on time. The ramifications are bad, late payments count for up to 35% of your credit score. What’s worse is that companies almost always report your late payments to the  credit reporting bureaus right away. The late payments affect your credit score negatively.

Tip # 2 to clean your credit score report is to give it time.

One thing you’ll realize is that money is less important than time when it’s time to clean your  credit score report. You may or may not have a lot of money, however, you don’t have more than 24 hours in a day. Cleaning your credit score takes time. Whether you have faced a major setback like a bankruptcy or have a few medical bills that you’re disputing will take time to have them come off your credit report. It will also take time for you to get the best interest rates. As time passes and you continue cleaning up your negative marks, the higher your score.

Tip # 3 to clean your credit score report is to make note of anything and everything.

Be proactive and add notes for your credit scoring report. You need to be diligent when you are working to clean your credit score report.  If there’s a problem you cannot resolve such as loan defaults listed by a lender that didn’t service your loan or a medical bill that was for your father of the same name, make sure to make note of the error. Leaving a paper trail of the problem and your attempt to rectify the problem shows you are working to clean your credit score report.

Tags: , , , , , <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/blog/how-to-clean-your-credit-score-report/feed/ 0 It Is Up http://improveyourscore.org/credit/it-is-up/ http://improveyourscore.org/credit/it-is-up/#comments Thu, 02 Apr 2009 09:48:24 +0000 admin http://improveyourscore.org/2009/04/02/it-is-up/ Yet Another Related Posts Plugin.]]> it is up to the consumer to keep a close watch on their credit. You are allotted one free report a year. But checking your credit once a year is not enough. Experts recommend that you check your credit report before you go out looking for a loan. That means before buying that car or refinancing your home. Also, just as a rule of thumb, you should check your credit at least twice a year in addition to the times listed above. If you are not shopping for any loans, it would still be wise to check your credit every four months. Be sure to utilize the one free report from each of the credit scoring bureaus.

Tags: <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/it-is-up/feed/ 0 There Are Several Things http://improveyourscore.org/credit/there-are-several-things/ http://improveyourscore.org/credit/there-are-several-things/#comments Wed, 18 Feb 2009 01:47:45 +0000 admin http://improveyourscore.org/2009/02/17/there-are-several-things/ Yet Another Related Posts Plugin.]]> There are several things that can be done to improve your credit score. The most obvious thing that can be done to quickly improve your credit scores is to keep your payments on time, pay your balances down to below 50% of your credit limit’s, do not close credit card accounts if you can avoid to, and avoid having numerous inquiries on your credit report. While this may seem very simple and obvious to do there are a lot of consumers who do not understand credit and credit scoring because of the lack of information that is available out there. Therefore, one of the quickest ways to improve your credit score is to do preventative maintenance and work hard at maintaining an excellent credit history.

Tags: , <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/there-are-several-things/feed/ 0 To Increase Your Credit Score You http://improveyourscore.org/credit/to-increase-your-credit-score-you/ http://improveyourscore.org/credit/to-increase-your-credit-score-you/#comments Fri, 13 Feb 2009 12:34:50 +0000 admin http://improveyourscore.org/2009/02/13/to-increase-your-credit-score-you/ Yet Another Related Posts Plugin.]]> To increase your credit score you can also limit the number of credit inquiries that you have against you by limiting the amount of new credit applications you complete (stop applying for the credit cards that offer a free gift giveaway when you apply). You can also make sure that you don’t close old accounts because the length of your credit history plays an important role in credit scoring. A long established credit history is much better than a short patchy credit history.

Tags: , , <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/to-increase-your-credit-score-you/feed/ 0 Another Factor That Is http://improveyourscore.org/credit/another-factor-that-is/ http://improveyourscore.org/credit/another-factor-that-is/#comments Mon, 26 Jan 2009 00:05:22 +0000 admin http://improveyourscore.org/2009/01/25/another-factor-that-is/ Yet Another Related Posts Plugin.]]> Another factor that is used in the credit scoring model are the lengths of your credit accounts. The longer-aged accounts tell your financial story to creditors. Be sure not to close unused accounts, because they may reduce the amount of credit you have available, thus increasing your credit utilization.

Tags: <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/another-factor-that-is/feed/ 0 Your Outstanding Credit Balances Is An http://improveyourscore.org/credit/your-outstanding-credit-balances-is-an/ http://improveyourscore.org/credit/your-outstanding-credit-balances-is-an/#comments Sun, 25 Jan 2009 10:51:05 +0000 admin http://improveyourscore.org/2009/01/25/your-outstanding-credit-balances-is-an/ Yet Another Related Posts Plugin.]]> your outstanding credit balances is an often misunderstood factor in credit scoring. Many people think that if they have a higher limit available on their credit cards that this will automatically be better for them than a lower limit. Many other consumers think that by having numerous credit cards this will be better for their credit scores too. The key here with managing your credit balances is to make sure that you never borrow over 50% of your maximum credit limit. Ideally, you would like to keep your balances below 30% of your credit limit’s. For example, if you have a credit card with a $1,000 maximum credit limit, then ideally you would not want to carry a balance over $300 and you definitely do not want to carry a balance of $500, which is 50% of your credit limit. Anytime you go over this 50% threshold, this can negatively affect your credit score. Anytime you are maxed out on your credit limit, this is very bad for your credit score and if you ever go over your credit limit, this is seriously bad for your credit score. Therefore, just because you have the available credit does not mean that you should spend it. You should focus on keeping your balances at reasonable levels to maximize your credit score.

Tags: , <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/your-outstanding-credit-balances-is-an/feed/ 0 A Good Mortgage Broker http://improveyourscore.org/credit/a-good-mortgage-broker/ http://improveyourscore.org/credit/a-good-mortgage-broker/#comments Mon, 05 Jan 2009 17:11:39 +0000 admin http://improveyourscore.org/2009/01/05/a-good-mortgage-broker/ Yet Another Related Posts Plugin.]]> A good mortgage broker can offer advice and may even be willing to assist you with your credit and trying to improve your credit scores. There are many different factors involved with credit scoring that the average consumer is not aware of. By getting your credit score back over 500, the door will be opened to be able to use many more lenders than with a credit score below 500.

Tags: , <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/a-good-mortgage-broker/feed/ 0 There Are Various Techniques That http://improveyourscore.org/credit/there-are-various-techniques-that/ http://improveyourscore.org/credit/there-are-various-techniques-that/#comments Sun, 21 Dec 2008 13:09:20 +0000 admin http://improveyourscore.org/2008/12/21/there-are-various-techniques-that/ Yet Another Related Posts Plugin.]]> There are various techniques that can be used to improve one’s credit score immediately. The highest credit score available is in the mid 800′s. However, acquiring a score this high is not required. Most credit scoring systems recognize 700 plus credit scores as being in the high end bracket.

Tags: <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/there-are-various-techniques-that/feed/ 0 Fha Loans, As Well As http://improveyourscore.org/credit/fha-loans-as-well-as/ http://improveyourscore.org/credit/fha-loans-as-well-as/#comments Fri, 03 Oct 2008 19:28:32 +0000 admin http://improveyourscore.org/2008/10/03/fha-loans-as-well-as/ Yet Another Related Posts Plugin.]]> Fha loans, as well as fannie mae’s expanded approvals are a possible option for those with low credit scores. The rates for FHA loans and fannie mae’s expanded approvals are much more competitive than sub-prime financing. Ask your mortgage professional how much experience they have in credit scoring low fico score loans through fannie mae’s or FHA.

Tags: , <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/fha-loans-as-well-as/feed/ 0 How Can I Improve My Credit http://improveyourscore.org/credit/how-can-i-improve-my-credit/ http://improveyourscore.org/credit/how-can-i-improve-my-credit/#comments Thu, 17 Jul 2008 10:38:59 +0000 admin http://improveyourscore.org/2008/07/17/how-can-i-improve-my-credit/ Yet Another Related Posts Plugin.]]> How can I improve my credit score? This is a very common question that is asked quite often. There are many different factors that will impact your credit score, good or bad. One such factor, that is probably the most obvious, is making all of your payments for all of your bills on time. This has the single biggest impact on credit scoring of all other single factors. Payment history accounts for roughly 35% of your total credit score. If you do have derogatory credit or late payments in your credit profile, the more recent the late payments are, the more negative the impact will be on your credit score.

Tags: <BR/>

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://improveyourscore.org/credit/how-can-i-improve-my-credit/feed/ 0