How to boost your credit score in 7 easy steps

1
How to boost your credit score in 7 easy steps
2

• If you want to boost your credit score, youre
  going to need to get familiar with your credit
  report and figure out where youre making
  mistakes (if you are indeed making any at all).
  Once you have that information, it should be much
  easier to move forward on the right path toward
  higher credit scores! Here are seven tips to help
  you boost your credit score in no time at all.

3
1 Check your score

• Your starting point is checking your credit
  score. It will provide you with an overview of
  whats happening with all three major bureaus and
  show you where there are opportunities for
  improvement. You can check each bureau
  individually or get a free snapshot from Credit
  Karma, which offers quick access to a wide range
  of information. While some people might be
  tempted to just go straight for a free credit
  report, keep in mind that it wont be very
  detailed and wont give you much context about
  how one factor affects anotherfor example, why
  certain collections on one bureau dont have any
  effect on anotherso it wont tell you much more
  than here are your scores

2 Pay off debt
One of your best bets for improving your credit
score is by paying off debt. The more utilization
you have, or how much you owe versus how much
credit you have available, the lower your score.
4
3 Dont open too many new cards

• If you pay off a 4,000 balance and cut down on
  utilization from 60 percent to 20 percent, for
  example, it will improve your score by 100 points
  or moreand thats a great start on boosting your
  FICO. No matter what type of debt you have
  (credit cards, medical bills, student loans), an
  effective strategy might be taking care of one
  account at a time as you build up your ability to
  make larger payments. Make sure every dollar
  counts when repaying creditors also consider
  taking advantage of opportunities to negotiate
  terms with them so they arent sending notices
  threatening legal action.

Opening too many new credit cards at once is a
bad idea. Your debt-to-credit ratio (or DTI) will
be too high and you risk lowering your credit
score, which can make it more difficult to buy a
house or even rent an apartment. In addition,
opening several new accounts within a short
period of time may trigger an investigation from
one or all three major credit bureaus.
5
4 Stay on top of bills

• This could lead to hard inquiries on your reports
  and possibly hurt your score further. If youre
  going to open multiple new accounts, spread them
  out over a couple of monthsideally 6-12
  monthsso they dont show up as multiple hits on
  your report(s). And remember Always pay off
  credit card balances in full each
• month so that carrying debt doesnt become an
  issue for you!

If you want a good credit score, youll need to
stay on top of bill payments. Miss one payment
and be sure that it will take years for you to
recovereven if you pay all of your other bills
right on time. Paying bills on time and keeping
debt low are essential factors of healthy credit
history. But many people dont understand how
they impact their scores. Fortunately, its easy
to learn how you can improve your credit standing
by making simple changes (1) Keep an eye on due
dates (2) Pay as much as possible (3) Never
charge more than 30 of total available credit
6

• (4) Take care with opening new accounts
• (5) Dont close existing accounts unless
  absolutely necessary.
• These sound like basic financial tips, but most
  people have little trouble executing them well!
  To boost your score by 50 points or more youll
  need to make a few bigger changes. Do yourself a
  favor and follow these four pieces of advice
• (1) Keep credit card balances under 30 of
  available credit
• (2) Make sure at least one account has been open
  for 6 months
• (3) Have no inquiries from new creditors within
  last 6 months
• (4) Keep the amount of newly opened accounts to a
  minimum each year.

7
5 Ask for a higher limit

• Applying for a small credit limit is one of the
  quickest ways to shoot yourself in the foot when
  it comes to building or boosting your credit
  score.

8
Why?

• Because its an easy way for banks and other
  lenders to see you as a risky candidate. Thats
  because, if you have a low limit on an account
  especially an installment loan such as a mortgage
  then it makes lenders think that youre not
  responsible enough with money.

6 Get a secured card
A secured card is a great way to boost your
credit score quickly because of its safe nature.
With a secured card, you deposit money into an
account, and that amount becomes your
limitmeaning you arent racking up interest. If
you make on-time payments for 12 months, it will
help build trust with creditors, which is why
getting a new card can help your standing
immensely. Most secured cards dont charge annual
fees, either! Best of all No one will know about
it but you! Need more advice? See our full guide
on how to boost your credit score.
9
7 Keep an eye on new accounts

• New accounts, or inquiries, have a
  disproportionate impact on your credit score.
  When you apply for a loan, car or even a new cell
  phone contract, a hard inquiry will appear on
  your credit report for that account. Too many
  inquiries can lower your overall credit score
  because it appears as if youre desperate for
  financing (which isnt good).
• For every new account you open up, you should
  plan on waiting at least 6 months before applying
  for another one. This will make sure inquiries
  dont damage your score and give you time to pay
  off balances from previous accounts so they do
  not become delinquent. Its also important to
  remember if you close an account with a balance
  due and then reapply for that same line of credit
  within 5 years, it is viewed as opening up a new
  account and not just replacing old debt with new
  debt so only close lines of credit when
  absolutely necessary.

10
Contact us -

• Address - 18930 HWY 18STE 101 Apple valley CA
  92307
• Phone - [phone]
• Email - info_at_decswekilldebt.com
• Website - https//decs-wekilldebt.com
• Blog - https//decs-wekilldebt.com/how-to-boost-yo
  ur-credit-score-in-7-easy-steps/