Having a good credit score can mean the difference between getting a mortgage and not. It is easy to see why having a good one is necessary. However, how do you improve your credit score?
The most important factor in your credit score is how reliably you have paid back your loans. This means paying your bills on time, every time. Every transaction is logged and even small delays in payments increase the cost of a bank doing business with you and therefore your credit score goes down.
The other most important factor is keeping your credit balances as low as possible. If you owe money and do not pay it back by the allotted time, it means that you are a more expensive customer to deal with and that will be reflected in the cost of future loans. Other banks can tell how expensive you are to deal with by looking at your credit score.
The simplest way to improve your credit score is to ensure that all of your loans are paid back on time. This might mean borrowing money in order to pay back the loan on time, although this is not recommended, it can be a good way to improve your credit score. Any tax liabilities or judgments, or fines that you have experienced will be recorded on your credit score and if they are paid off it is to your benefit. Reducing the balance in any revolving accounts will help improve your score as well. Finally, reducing your reliance on credit will improve your score. So only apply for credit when it is absolutely necessary.
The first step in improving your credit score is to know what your credit score is. It is YOUR RIGHT to KNOW, TAKE ACTION TODAY!
El robo de indentidad puede suceder en minutos. Ocurre una violación de datos, un pirata informático obtiene acceso a su identidad personal y a los datos de su tarjeta de crédito, y comienzan a utilizar su información para abrir nuevos créditos y causar estragos en sus puntuaciones.
Por eso es tan importante seguir estos tres pasos para ayudar a detectar amenazas a su información personal lo antes posible:
1. Controle constantemente sus cuentas financieras para detectar transacciones desconocidas
2. Cambiar los nombres de usuario y contraseñas después de las violaciones de datos
3. Mantenga un ojo en sus informes de crédito