Boost Your Credit Score in 8 Simple Steps

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Boost Your Bad Credit Score
in 8 Simple Steps

• www.leasefunders.com

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• If it comes to your credit rating, it can often
  be a puzzle to why you might have a poor score.

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• Fortunately, there are plenty of approaches to
  grow a bad credit score even if you can't
  pinpoint why it is low or feel like you don't
  have the capacity to increase it.

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• 8 easy steps to receive your score back on
  course, especially if you are in need of bad
  credit business financing.

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1. Be careful of where you apply for credit

• Every time you employ a new line of charge, it
  negatively impacts your score.
• Too many of our customers come to us and tell us
  of how they started searching for their business
  financing using a 650 score but after a couple
  of days of applying with various lenders, their
  rating is now around a 610.

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2. Get in the habit of paying your bills on time

• 35 of your score comes from the way you pay your
  bills. If you are a habitual late payer, your
  credit score is affected.

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3. Get a new credit card and loan

• You dont want a lender to pull your credit and
  see nothing but negative tradelines.
• You want to open new lines of credit to show that
  you can now handle your credit and youre making
  all your monthly payments on time.

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4. Be careful with closing credit card accounts.

• If you close your account, it doesn't create the
  negative tradeline disappear.
• Plus it can actually damage your credit rating if
  you're shutting your oldest accounts or your
  accounts together with big credit lines.

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5. Use a secured credit card or guaranteed loan
to build credit.

• Secured credit cards and secured business loans
  are fantastic ways to not just get funding but to
  construct credit. Particularly if you have credit
  problems.

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6. Diversify your trade lines and do not forget
about comparable credit!

• Banks prefer to see that you can manage unique
  types of credit. So when you are in the
  "rebuilding" stage. Don't restrict yourself to
  just applying for credit cards. Think about
  diversifying your tradelines. Credit cards,
  mortgage loans, installment loans, retail
  accounts, gasoline cards etc..

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7. Pay off your debt.

• This makes sense, but to explain in further
  detail, you want to create a strategy to reduce
  your debt since you may be cutting into your
  credit use.
• The more you repay, the more you have available,
  along with the higher your credit rating will be.

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8. Use your charge card regularly..but sensibly.

• Long gaps between using your own card and hardly
  using it at all will make creditors either close
  the account or reduce your credit limit.

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• For more information read Boost Your Bad Credit
  Score in 8 Simple Steps
• https//www.leasefunders.com/improve-your-bad-cred
  it-score-in-8-simple-steps