| Your credit score has a direct impact on the interest | | | | able to keep track when the due date is. For those |
| rate you will have to pay when you borrow money. It | | | | who have more than two, it is best to pay them off |
| is a three digit number from 300 to 850 so unless you | | | | and cancel the rest. When you only have two cards |
| are able to raise your credit score, chances are no | | | | left, keep the oldest one since this is what credit |
| one is willing to approve a loan. But help is on the way. | | | | bureaus look at as basis of your credit score. Keep in |
| By following these tips, you are sure to see an | | | | mind that you don't have to use it regularly. The |
| improvement. | | | | important thing is that it is still working. |
| First, find out what is your credit score. You can get | | | | We all make mistakes and sometimes we forget to |
| this information from FICO that is a system developed | | | | pay our credit card bills on time. If this has only |
| by the Fair Isaac Corporation. | | | | happened once, perhaps you can talk to your lender |
| When you have the information, it is time to cut some | | | | about it so he or she can remove this from your |
| off your expenses temporarily and start paying off | | | | record. That way, your credit card score won't be |
| those credit card debts. If you have more than one | | | | affected. |
| credit card, work off the one with the highest interest | | | | But if the amount isn't that big and you refuse to pay |
| rate first. | | | | for it because you feel that you charged unjustly, the |
| If your credit score is not that bad, make sure that you | | | | collection agency won't even bother to check it as this |
| do not use your credit card almost to its limit because | | | | is no big deal. |
| this too may affect your credit score even if you are | | | | The things that affect your credit score include charge |
| able to pay the bill when it arrives. A good example is | | | | off's, collections and negatives that were not yours in |
| to stick only to 30% of the card limit. For those who | | | | the first place, late payments, low credit limits reported, |
| may have a hard time keeping track of all this, it is best | | | | accounts listed as paid as agreed, paid derogatory, |
| to put all your bills into a finance software program to | | | | paid charge off or settled, accounts listed as unpaid |
| monitor your expenses. | | | | and lastly, negative items that have occurred over a |
| Sometimes your credit score is goes down because | | | | seven period. |
| your lender has given you a lower limit when you | | | | How to raise your credit score will not happen |
| know for a fact that it is much higher. To prevent this | | | | overnight so you have to pay your bills on time, check |
| from happening, it is best to check this on a regular | | | | your credit limits and make sure previous loans have |
| basis and if there is a mistake, this can easily be | | | | been settled. That way, there won't be a problem |
| corrected by calling up your lender so this information | | | | when a lender conducts a background check on your |
| can be corrected. | | | | credit history and your loan can be approved. |
| You should only have two credit cards so you are | | | | |