Good Credit

Good Credit Credit Cards

Credit-Card-BillsHaving good credit will be beneficial to you when you are ready to purchase a home or car or apply for a bank loan. These benefits are great in building personal wealth and becoming financially independent. For this reason, it would be smart to follow certain steps to get good credit at a young age. Doing so will teach you how to be financially responsible and establish a high credit rating.

How to improve your credit score
The way to improve your credit score is to show that you can  pay back your debts on time. You will need to build a good credit history over a period of time . Check your credit reports atleast once a year.  This will make sure there are no errors.   Pay your bills on time. This is extremely important in order for you stay in good standings.

The best advice for rebuilding credit is to manage it responsibly over time. If you haven’t done that, then you need to repair your credit history before you see credit score improvement.
Quick Fixes:

  • Check Your Credit Report – Credit score repair begins with your credit report. If you haven’t already, request a free copy of your credit report and check it for errors. Your credit report contains information which is used to calculate your score and it may contain errors. Check to make sure that there are no late payments incorrectly listed for any of your accounts and that the amounts owed for each of your open accounts is correct. If you find errors on any of your reports, dispute them with the credit bureau and reporting agency.
  • Setup Payment Reminders – Making your payment on time is extremly important and is one of the biggest factors in determining your credit score. Some banks offer payment reminders through their online banking website that can send you an email or text message reminding you when a payment is due. You could also consider enrolling in automatic payments through your credit card and loan providers to have payments automatically debited from your bank account, but this only makes the minimum payment on your credit cards and does not help instill a sense of money management.




  • Reduce the Amount of Debt You Owe – This is easier said than done, but reducing the amount that you owe is going to be a far more satisfying achievement than improving your credit score. The first thing you need to do is stop using your credit cards. Use your credit report to make a list of all of your accounts and then go online or check recent statements to determine how much you owe on each account and what interest rate they are charging you. Come up with a payment plan that puts most of your available budget for debt payments towards the highest interest cards first, while maintaining minimum payments on your other accounts.

Find Out How to Get Good Credit Here

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