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Credit Ratings Issues of credit ratings and credit scoring here.

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  #1  
Old 04-04-2014, 07:29 AM
moneytalk moneytalk is offline
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Default How To Improve Your Credit Score

Having a good credit score entails that you have a very bright financial future.So many people don't know what it means to have a good credit score.Not having a good credit will put one in a debt dungeon for ever.To improve your credit score,you need to following the following principles:
1.Ascertain the level of your credit score.
2.Ensure that you eliminate credit card debt.This can be done by regularly paying a sum of money to the credit card company aimed at eliminating this debt.
3.Live frugally.Majority of the causes of low credit score is extravagant living.Purchase whatever your income can,but postpone all other spending till a future period.

Last edited by moneytalk; 04-04-2014 at 07:33 AM.
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  #2  
Old 01-28-2015, 01:29 AM
Lcbmortgageservice Lcbmortgageservice is offline
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Default Re: How To Improve Your Credit Score

A credit score takes into account years of past behavior. Still, there are some simple ways to increase your credit score today.It's important to note that repairing bad credit is a bit like losing weight: It takes time and there is no quick way to fix a credit score. In fact, out of all of the ways to improve a credit score, quick-fix efforts are the most likely to backfire, so beware of any advice that claims to improve your credit score fast.

These following few Steps are to Improve Your Credit Score
1.Check Your Credit Report
2.Pay your bills on time. Delinquent payments and collections can have a major negative impact on a credit score.
3.Setup Payment Reminders
4.Keep balances low on credit cards and other "revolving credit."
5.Dispute errors and Apply for and open new credit accounts only as needed.
6.Pay off debt rather than moving it around.
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Old 04-07-2015, 05:19 AM
pooja.majorgainz pooja.majorgainz is offline
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Default Re: How To Improve Your Credit Score

But it will make your life compromising isn't it?
Maybe we should not waste our money for unnecessary demands but what if we really want to enjoy our earning?
sometimes having an ice-cream is considered as waste of money but don't you enjoy eating?
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Old 07-31-2015, 11:55 AM
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Richard Johnson Richard Johnson is offline
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Default Re: How To Improve Your Credit Score

To boost your score, "pay down your balances, and keep those balances low.
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  #5  
Old 08-22-2015, 09:32 AM
adam grey adam grey is offline
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Default Re: How To Improve Your Credit Score

Your FICO score, which basically ranges from 300 to 850, is normally made up of 5 components of different weights.
35% of your score – Your payment history
30% – How much you owe
15% – How long you have had credit
10% – The various types of credit you have used
10 percent – New credit (or the amount of credit you have applied for recently)
However, whilst your payment history tops as the most vital piece of your credit score, it cost you several months and even years to considerably improve it. Are you looking for a quicker fix?
The following are the five things you can do today to start improving your credit score over the coming few months.
1. Pull Your Credit Report
2. If You are in Debt, immediately Stop Using Your Cards
3. Ensure that you have Paid Any Overdue Charges
4. Begin Paying Down Your Balances
5. Do not Close Your Old Accounts
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Old 09-30-2016, 08:03 AM
Jovanny Jovanny is offline
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Default Re: How To Improve Your Credit Score

My consultant at Greater Central Texas Federal Credit Union suggested me to pay the bills on time, clear off pending debts, and review credit report regularly to improve credit score.
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Old 12-28-2016, 01:31 PM
larryhorn larryhorn is offline
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Default Re: How To Improve Your Credit Score

HI
wow
thanks
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Old 12-30-2016, 12:23 AM
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elizabethgrimm elizabethgrimm is offline
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Default Re: How To Improve Your Credit Score

Your credit rating can affect your ability to borrow money using products such as credit cards, loans and mortgages. If your credit rating isnít in the best shape there are things you can do to build it up again and fix any problems.
Your credit rating is used to help lenders decide whether to lend you money, how much to let you borrow and, in some cases, how much interest to charge you.

If your credit score is poor or you have no history of borrowing for lenders to see, there are urgent steps you can take to get better your credit score.
  • Stop applying for credit
  • Get on the electoral register
  • Cancel unused credit cards.
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Old 01-27-2017, 03:27 AM
Jovanny Jovanny is offline
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Default Re: How To Improve Your Credit Score

Reviewing the credit history frequently can also be beneficial.
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Old 05-04-2017, 03:31 PM
rosemary rosemary is offline
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Default Re: How To Improve Your Credit Score

Amounts you owe make up 30% of your credit score. Most people don't know that their credit utilization ratio is a big factor here. This ratio is the percentage of your total available credit that you're using. e.g.: $2,000 charged to credit cards divided by $10,000 total available credit = 20% utilization. Even if you pay your bills on time and in full, be sure to keep your utilization on each card below 30% to avoid getting penalized for a ratio that's too high.
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  #11  
Old 05-06-2017, 06:01 AM
emilyhilscher emilyhilscher is offline
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Default Re: How To Improve Your Credit Score

You may be planning to get a loan but having a bad credit may stop you. There are various companies providing such loans. If you get one you'll definitely got a chance to improve your credit ratings. Make your repayments on time and this will increase your rating for sure.
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  #12  
Old 09-12-2017, 12:32 PM
OCP Biz OCP Biz is offline
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Default Re: How To Improve Your Credit Score

At a very easy you need t follow banks rules and regulations as well as regarding country policy for finance as well as public relations.
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