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14 Tips for Maintaining a Good Credit Score

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CMG Credit Solutions
There are a couple of innovative ways of boosting your credit score, above and beyond the ordinary “pay on time” methods. One company is Self, helping individuals take out a loan and pay it off each month. Whenever you make a payment, they’ll report the good behavior to the credit bureaus and your credit score and profile will likely improve. Boost Credit Score, Fix Your Credit, Improve Your Credit Score, Identity Fraud, Up Auto, Old Cards, Sleepless Nights, Understanding Yourself, Stress Free
Boost Credit Score
Fix Your Credit
Improve Your Credit Score
Identity Fraud
Up Auto
Old Cards
Sleepless Nights
Understanding Yourself
Stress Free
There are a couple of innovative ways of boosting your credit score, above and beyond the ordinary “pay on time” methods. One company is Self, helping individuals take out a loan and pay it off each month. Whenever you make a payment, they’ll report the good behavior to the credit bureaus and your credit score and profile will likely improve.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
Credit monitoring services like Credit Sesame watch your credit daily for unexpected changes. On top of alerting you to dips or increases in your score, it can also serve as an early warning sign of identity fraud.
Credit monitoring services like Credit Sesame watch your credit daily for unexpected changes. On top of alerting you to dips or increases in your score, it can also serve as an early warning sign of identity fraud.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
To avoid having inquiries impact your score when you apply for a new loan, finish your rate shopping within two weeks because there’s a 30-day grace period during which inquiries won’t affect your score.
To avoid having inquiries impact your score when you apply for a new loan, finish your rate shopping within two weeks because there’s a 30-day grace period during which inquiries won’t affect your score.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
If you currently have debt of any kind, taking steps to eliminate it will gradually improve your credit score. Stop using your cards, make a budget, and start paying down your high-interest cards first while maintaining minimum payments on all the other debts. Good Credit Score, Loan Company, Making A Budget, Thing 1
Good Credit Score
Loan Company
Making A Budget
Thing 1
If you currently have debt of any kind, taking steps to eliminate it will gradually improve your credit score. Stop using your cards, make a budget, and start paying down your high-interest cards first while maintaining minimum payments on all the other debts.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
According to Wells Fargo, a 20/10 rule is a good rule of thumb for credit. Don’t “let your credit card debt exceed more than 20% of your total yearly income after taxes. And each month, don’t have more than 10% of your monthly take-home pay in credit card payments.”
According to Wells Fargo, a 20/10 rule is a good rule of thumb for credit. Don’t “let your credit card debt exceed more than 20% of your total yearly income after taxes. And each month, don’t have more than 10% of your monthly take-home pay in credit card payments.”
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
If anything should ever happen and you face financial troubles that could affect your ability to pay your bills, then call your creditors right away. Often, you’ll be able to arrange alternative payment solutions, negotiate a lower interest rate, or otherwise mitigate the situation.
If anything should ever happen and you face financial troubles that could affect your ability to pay your bills, then call your creditors right away. Often, you’ll be able to arrange alternative payment solutions, negotiate a lower interest rate, or otherwise mitigate the situation.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
There are at least two reasons why you should never just pay the minimum on your cards, and one is because this is a terrible way to pay off debts! Paying just the minimum means even small debts could be stretched out over years, and this means exorbitant interest fees. However, if the minimum is all you can manage, make sure you pay at least that every month, otherwise you’ll have late or missed payments on your report for seven years. Borrow Money, Debt Payoff, All You Can
Borrow Money
Debt Payoff
All You Can
There are at least two reasons why you should never just pay the minimum on your cards, and one is because this is a terrible way to pay off debts! Paying just the minimum means even small debts could be stretched out over years, and this means exorbitant interest fees. However, if the minimum is all you can manage, make sure you pay at least that every month, otherwise you’ll have late or missed payments on your report for seven years.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
New credit applications account for 10% of your score. Each time you apply for credit that prompts a hard inquiry into your report, your score will take a hit. Unless it’s absolutely necessary, don’t apply for new credit cards or loans if you want to keep your score up. Scores
Scores
New credit applications account for 10% of your score. Each time you apply for credit that prompts a hard inquiry into your report, your score will take a hit. Unless it’s absolutely necessary, don’t apply for new credit cards or loans if you want to keep your score up.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
Errors on your credit report are more common than you might think. Luckily, you can keep an eye on them by taking advantage of the free yearly credit reports you’re entitled to from TransUnion, Experian, and Equifax. When you get the reports, go over them carefully to look for errors, and get on the horn right away to dispute ones you find. Credit Report, Keep An Eye On, Yearly
Credit Report
Keep An Eye On
Yearly
Errors on your credit report are more common than you might think. Luckily, you can keep an eye on them by taking advantage of the free yearly credit reports you’re entitled to from TransUnion, Experian, and Equifax. When you get the reports, go over them carefully to look for errors, and get on the horn right away to dispute ones you find.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
If you have one credit card with a $1,000 limit and have a $500 balance, your credit utilization ratio is 50%. Aim for 30% or lower. The people with the best credit scores only use about 8% of their available credit.
If you have one credit card with a $1,000 limit and have a $500 balance, your credit utilization ratio is 50%. Aim for 30% or lower. The people with the best credit scores only use about 8% of their available credit.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
Your payment history accounts for 35% of your credit score. If you have trouble keeping your bills in order and staying organized with payments, set up electronic billing and payment reminders to stay on top of your bills. If you aren’t good at keeping track of what’s due when, don’t worry, there’s an app for that. If you’re terrible with being on time, you can set up auto payment plans through your bank or with your credit card to ensure that bills are paid for you, on time, every month.
Your payment history accounts for 35% of your credit score. If you have trouble keeping your bills in order and staying organized with payments, set up electronic billing and payment reminders to stay on top of your bills. If you aren’t good at keeping track of what’s due when, don’t worry, there’s an app for that. If you’re terrible with being on time, you can set up auto payment plans through your bank or with your credit card to ensure that bills are paid for you, on time, every month.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
Having a number of small balances spread out over several different cards may seem smart, but this approach can actually backfire if you overuse it. Instead, John Ulzheimer of Credit Sesame says you’re better off paying these amounts down. “A good way to improve your credit score is to eliminate nuisance balances,” he says. This is because having multiple cards with balances can lower your score rather than boost it. Helpful Hints
Helpful Hints
Having a number of small balances spread out over several different cards may seem smart, but this approach can actually backfire if you overuse it. Instead, John Ulzheimer of Credit Sesame says you’re better off paying these amounts down. “A good way to improve your credit score is to eliminate nuisance balances,” he says. This is because having multiple cards with balances can lower your score rather than boost it.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
There are a few reasons why keeping old cards open can benefit your credit score, and one is the length of your credit history, which accounts for 10% of your score. This is especially important for older cards, because they give your credit report a longer record, and this’s good.
There are a few reasons why keeping old cards open can benefit your credit score, and one is the length of your credit history, which accounts for 10% of your score. This is especially important for older cards, because they give your credit report a longer record, and this’s good.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
Your credit score takes into account both revolving debt (credit cards) and trade line or installment debt (mortgages). It doesn’t matter that your line of credit, for instance, has a lower interest rate, you shouldn’t prioritize other loans if it means neglecting that payment. Constantly having a balance on your credit cards can lower your score and hurt your chances for getting approved for loans or any other credit card accounts you may want to open.
Your credit score takes into account both revolving debt (credit cards) and trade line or installment debt (mortgages). It doesn’t matter that your line of credit, for instance, has a lower interest rate, you shouldn’t prioritize other loans if it means neglecting that payment. Constantly having a balance on your credit cards can lower your score and hurt your chances for getting approved for loans or any other credit card accounts you may want to open.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score
Maintaining a good credit score is vital if you want to apply for loans or credit cards. Follow these 14 tips and you're sure to stay in good standing. There are plenty of things you can do to maintain the good credit score you’ve worked so hard to build, and one excellent reason why you should care: money. A good credit score typically means lower interest rates, and that means more cash in the bank. It’ll also be easier for you to get loans and credit. Credit Cards, You Can Do, Meant To Be, Interest Rates, How To Apply, Good Things
Credit Cards
You Can Do
Meant To Be
Interest Rates
How To Apply
Good Things
Maintaining a good credit score is vital if you want to apply for loans or credit cards. Follow these 14 tips and you're sure to stay in good standing. There are plenty of things you can do to maintain the good credit score you’ve worked so hard to build, and one excellent reason why you should care: money. A good credit score typically means lower interest rates, and that means more cash in the bank. It’ll also be easier for you to get loans and credit.
CMG Credit Solutions
CMG Credit Solutions
14 Tips for Maintaining a Good Credit Score