How To Repair Your Credit Record

10 Jan

1.  Easiest & quickest way is to resolve items that are pulling your score down.

2.  35% of your score is determined by your payment history, so automate your bill payments

3.  Open a secure credit card that reports to the credit bureau.

4.  Pay off all outstanding collections.  Once paid off you can get an instant boost to your credit score by 15
points of more

5. Pay down revolving accounts such as lines of credit & credit cards

6.  Ensure your revolving credit balances are never over their limit.

7.  Don’t apply for a consolidation loan if you intend to purchase real estate

8.  Don’t shop for credit during a mortgage application

9.  Build and keep “active” credit


Leave a comment

Posted by on January 10, 2013 in Uncategorized


Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: