5 Tips for Boosting Your Credit Score

1) Dispute Inaccurate Negative Items

Outdated addresses, inaccurate social security numbers and misspellings of your name can raise credit havoc. Be sure to stay on top of your credit history by making sure it stays accurate.

 

2) Pay down your Account Balances

If your current balances are more than 25-30% of your available credit you could be lowering your score. Paying down your balances can increase your credit score over 1 or 2 billing cycles.

 

3) Keep your Current Bills Paid On-time

Your Repayment history alone makes up 35% of your entire credit score. Even if you have had late payments in the past, creating a current and future history of on-time payment can raise your score.

 

4) Do not close the Old Accounts

If you have old accounts with negative payment histories keep them open. Closing those accounts can cause negative marks for up to seven years on your report. Since 15% of your credit score is based on length of credit history it is better to show as positive a history as possible.

 

5) Keep a Mix of Credits Types Active

Repayment of multiple lines of credit, are favorable to a healthy credit history. This mix would include credit cards, installment loans, auto loans, educational loans and mortgages.

 

These are all great tips, but what if our credit is already damaged, how do we repair it? By finding a qualified Credit Restoration Service and be willing to walk through the process.

 

 

God Bless You,

 

Bryan Long