$2.17 for Children or Grandchildren
4 Tips To Improve Your Credit Score
4 Tips To Improve Your Credit Score
You’ve heard of credit scores, but do you know yours? Your credit score is a predictor that helps financial institutions determine how likely it is that you’ll repay money lent to you. Many people don’t realize that knowing your credit score is as important as knowing your bank balance. Even many insurance companies consider your score when determining your insurance premium. Luckily, keeping tabs on your score is easier than you think.
1. Request a Free Credit Report
Paying attention and knowing what your credit looks like is key. You can request a free credit report once a year at www.annualcreditreport.com or at your local bank or credit union. Review the report for any mistakes or accounts that are incorrect. It isn’t unusual to find mistakes, and many people miss this opportunity to help increase their score by removing erroneous information. Once you see all of your debts, then you can begin to make some changes.
2. Reduce Your Debt
After reviewing your free credit report, identify the smallest debts and pay those down first. Even if you can only budget in an additional $10 towards each bill payment, effort is what matters here. If you have big credit card balances, call your credit card companies to ask for your limit to be raised. The point isn’t to charge more, but instead, to increase your debt ratio, which is basically the difference between what you owe and what you’ve been allowed to borrow.
3. Set Payment Reminders
Missing payments and making late payments are quick ways to lower your score. Set payment reminders or auto-deduct when and where you can so you can avoid the possibility of late payments. If you plan to always pay the minimum payment on a credit card, visit their site to set up recurring payments. If you find yourself rushing to the bank to make a loan payment on or after the due date, inquire about setting up auto-deductions. You can often choose the day the funds will be drafted out of your account. Many people choose the day after payday to ensure funds are available.
4. Open A Credit Card
Once a free credit report is requested and reviewed, many people find that their issue isn’t bad credit, but actually a lack of credit history. In this instance, it may be a good idea to visit your local bank or credit union and inquire about opening a line of credit for the purpose of improving your credit history. The key is to use it for small purchases and then pay it back each month just to keep the account open and the balance low. In 6-8 months, ask for a new credit report and see the difference.
You might also be interested in...
- 10 Signs You May Not Be Drinking Enough Water
- 8 Signs You May Not Be Getting Enough Magnesium
- About Life Insurance
- Do You Really Need Life Insurance?
- Does Divorce Spell The End Of A Happy Childhood
- Globe Life is A+ Rated
- Health Symptoms You Should Never Ignore
- History of Life Insurance
- Home Cough Remedies
- How High Should Your SPF Be
- How To Be Responsible About Life Insurance
- Is Eating Organic Really Safer?
- Is White Vinegar A Safe Cleaning Agent?
- Planning Your Family For An Emergency Evacuation
- The Difference Between Power Of Attorney And A Living Will
- Reconsider Getting a Life Insurance Policy
- Setting Goals For Your Employees
- Skills that Make Bosses Want to Hire You
- The Importance of Life Insurance
- The Importance of Term Life Insurance
- Is It Time To Review Your Life Insurance Policy?
- Tips On How To Prevent E.coli
- Too Busy to Stay Healthy?
- What Is COPD And How You Can Prevent It?
- What is Term Life Insurance?
- When Insurance Becomes an Investment
- Choosing Whole Life Vs Term Life Insurance
- Why You Should Look Into Term Life Insurance
- Making Your Home Senior-Friendly
- Is Whooping Cough Making A Comeback
- Unusual Tricks To Reduce The Risk Of Heart Disease
- The Best First Aid Kit Everyone Should Have
- Beware Of Dangerous Mold
- 5 Things You Should Know About Thyroid Health
- What Your Eyes Reveal About Your Health
- Everyday Things That Can Cause Memory Loss
- How To Discuss Life Insurance With Your Spouse
- Why That Cold Won’t Go Away
- 5 Ways To Keep A Healthy Smile
- How Dangerous Is Sugar?
- 5 Warning Signs To Change Healthcare Providers
- Simple Secrets To Conquer Flu Season
- The Hidden Bad Side Of Everyday Foods
- How To Avoid The Scams That Tricked So Many
- Six Foods That May Reduce Stroke Risk
- Empty Nesters: Don’t Ditch Life Insurance Until You Consider This
- How Does Accidental Death Insurance Work?
- 4 Tips To Improve Your Credit Score
- 6 Tech Devices You Need For Family Safety
- Public Transportation Safety Tips
- Is Globe Life Insurance Reliable?
- Hazards in the Kitchen: What You Do Every Day that Puts You at Risk for a Serious Accident
- Surviving a Snake Bite
- Is Globe Life Insurance Term or Whole Life?
- The Top 4 Leading Causes of Death for People Older Than 50 and How to Avoid Them
- Nine Eye-Opening Stats That Will Make You Rethink Texting and Driving
- Risks of Dying from Cancer