HOW TO IMPROVE YOUR CREDIT SCORE

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Tax Relief R US

• Tax And Advisory Services

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HOW TO IMPROVE YOUR CREDIT SCORE
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• There are myriad important numbers in your
  financial world, but few as critical as your
  credit (FICO) score. This FICO number, ranging
  from 300-850, can affect your ability to buy a
  house or car, get a credit card or other loan, or
  even get a job sometimes. Your FICO score also
  affects the interest rates on loans.FICO scores
  are based on your credit reports. Credit
  agencies track credit history and sell it to
  parties who are interested in your
  credit-worthiness. Credit reports consist of four
  elements

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•  Personal information (compiled from credit
  applications)
•  Credit history (details of your credit
  relationships)
•  Credit report inquiries (entered anytime
  someone views your record)
•  Public records (judgments from government
  sources, like liens)

• Credit reports consist of four elements

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• Three agencies track credit scores Equifax,
  Experian, and TransUnion. You're entitled to a
  free report once every 12 months the best place
  to get this is Annual Credit Report
  (www.annualcreditreport.com). You can

•  See who's been making inquiries about your
  credit Check it for errors Find out if
  you're an identity theft victim Gauge your
  chances of getting a loan

• A bad credit report doesn't have to follow you
  forever. Even bankruptcies generally drop off
  after seven years. If your score is less than
  optimal, you can improve it. Stick with your
  program and you'll increase your chances
  of--eventually--getting into that top 5, or even
  1.

•  Report mistakes immediately to the appropriate
  credit agency. Do this in writing, and document
  it well. Pay everything on time. Even one late
  payment on a credit card can lower your credit
  score. Budget your credit card payments. They
  should be as much a part of your budget as your
  mortgage and food. Don't let balances on your
  revolving credit accounts--like credit cards--get
  too high. Having a high credit debt-credit limit
  ratio can lower your credit score. Neither
  close your unused accounts nor open new accounts
  to affect your credit score. That trick doesn't
  always work.

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•  Pay off the cards with the highest interest
  rate first. No matter what the balance, you
  should always pay any extra you have on the card
  that's costing the most. Pay minimums on the
  rest. When you have that top card paid off,
  continue the process with the second in line, and
  so on. Whenever you can, pay more. Keep an
  emergency reserve so you can always pay at least
  minimums on time. Don't be intimidated by this.
  If you can't save thousands of dollars, at least
  squirrel away a few hundred earmarked for this
  occasion. Skip purchasing a couple of lattes
  every paycheck and bank it.  Ask your credit
  card issuer for a lower rate. This actually works
  sometimes, so it's worth a try. Credit card
  interest is simply lost money. Use your credit
  cards occasionally and carefully. Show that you
  can borrow money and pay it back
  responsibly. Don't be a ostrich. The credit
  bureau can't gauge your ability to pay a debt
  back if you don't ever borrow any. Try to
  maintain a stable job and residence. Lenders are
  more interested in people who show stability in
  their personal lives. Avoid--like the
  plague--collection agencies and judgments against
  you. When you've satisfied a lien, be sure to
  check that the lien has been released and report
  that to the three reporting agencies if necessary

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What happens if your credit is really in shreds?
Double your determination and keep following your
program. If you can't get a traditional credit
card, get a secured credit card, where you make a
cash deposit and can charge up to that limit. Pay
it off faithfully, and you'll probably eventually
get credit again.In the meantime, save as much
as you can so you don't trash your credit again.
Consider asking someone to co-sign a small loan
so you can prove you're worthy of credit.When
you are, shop for your credit cards like you shop
for groceries and clothing, to find the best
deal. Bankrate.com (www.bankrate.com) is a good
place to do that. That's a good site for finding
the best deals on other financial products, too,
like mortgages and other loans.Improving your
credit score will likely take time and some
sacrifice on your part. But it's worth it, and
it'll save you money eventually -- the higher the
FICO score, the better your chance of credit and
loans, and the lower your interest rate may be.
So keep plugging towards the payoff.
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THANK YOU!

• Carl Louis

• Phone

• [phone]

• Email

• info_at_taxreliefrus.com

Website
https//www.taxreliefrus.com/