Simple Credit Score Improvement Tactics

Make sure a credit score improvement agency is legitimate before choosing to work with them. The industry unfortunately has some agencies that fall short on their credit score repair promises. It is sad to see how many people have been taken advantage of by credit repair scams. Read all the reviews that you can find and you should be able to make a decision about who you can trust.

TIP! Before going into debt settlement, find out how it will affect your credit score. There are ways to go about this that will have less of an impact and should be learned about before you make any kind of deal with a creditor. Any credit cards that have balances over 30% of your limit should be paid off until they are less than 10% of your limit for excellent credit. If you let your balances get too high, your credit rating will drop significantly. You can either spread your debt out by transferring some of the balance to low-interest cards or better yet, pay off as much as you can.

TIP! Whenever you apply for and open a new credit account, your credit score may drop. Fight the temptation to get that credit card at the checkout when they offer you big discounts if you do it. Take the time to carefully go over all your credit card statements. Always check to make sure that you are being charged correctly, and not being double charged or charged for items that you did not buy. You need to be sure that everything is correct on the statements.

TIP! Call and request lower limits on your cards from credit card companies. This will help you do three things: 1. When your credit is so bad that you can't get a 'regular' credit card, a secured one will help you to repair your credit. You will most likely be approved for this type of card, but you will have to add money to the card before you can use it so the bank will know that you can pay for all your purchases. If you use it correctly, a new card can help you fix your credit. If you want to get your credit score looking good, it takes quite a bit of common sense. Put these simple steps to use to repair your credit situation.