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Debt Counseling Assistance :: How to Get Good Credit
How to Get Good Credit:
Learn How to Improve Your Score and Get Good Credit
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If you're trying to learn how to get good credit and a better credit score, you're already on the right path.
Did you know that improving your credit score by just 30 points can save you an average of $105 every year if you do just that.
But, how do you improve your credit score? It takes time and it is possible. To learn some basic tips that will help you improve your credit rating, keep reading.
Don't Max Out Your Cards
If you use credit cards, don't max them out to the limit. Your most ideal position, if you are going to carry a balance is at 30% of your credit limit. A maximum should be 50%. So, if you have a $8000 credit limit, you shouldn't carry a balance of more than $4000.
Don't Open a Lot of New Accounts at Once
Several new accounts all opened within a short amount of time is not only a red flag for other creditors, but it can also drag down your credit score.
Try to limit your credit applications to one every six months. Remember, cell phone accounts and monthly bills can count too.
Avoid Store Credit Accounts
No interest down and no payments for a year! Sound familiar? If you want to really learn how to get good credit, you'll avoid these store credit programs. Not only is the interest typically high, but it can also have a negative effect on your credit rating.
Make Your Payments on Time
Making your payments on time every time can make a big difference. If you don't think you're going to make a payment, be sure to call your creditor, explain the situation and arrange for an alternate payment date. That way, they're less likely to report the payment as late on your credit report.
Make Sure Your Credit Report is Up to Date
Check your credit report every year with annualcreditreport.com. When it comes to learning how to get good credit, knowing your credit score is probably lesson number one.
The site allows you to access your free, annual credit report from each of the three, major credit score companies.
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Debt-Counseling-Assistance.com :: How to Get Good Credit