INCREASE YOUR CREDIT SCORE ONLINE

INCREASE CREDIT SCORE

WAYS TO  INCREASE CREDIT

Pay your credit card bills on time-this will help in a big way in  increasing your credit score.your credit score is built and raised when you make purchases every month and pay down the entire outstanding amount to zero on your due date without carrying forward any balances.This gives an indication to the creditors of your financial strength and how wisely you use your credit.

Paying down all your balance on time will increase your credit score and create a good payment history in the eyes of the creditors /lenders.

The percentage of credit limit that you use on your credit card should be low. for example-If your credit limit is $40000 and you are using only $4000 every month.it means that you are using only 10% of your credit limit and making most of your purchases in cash.The lower the limit used by you the better.which in turn will help in increasing  credit score.

Do not apply For too many credit card accounts as each application for opening a card Account calls for a credit check by the banks which might bring down  your credit rating score.

Use your Credit card sparingly. Avoid any late fee charges being levied on your credit Card. Don’t make late payments .Keep credit inquiries off the record.

Revolving trade limits is one of the key factors considered for credit scoring purposes.Try to Keep the balance –to-credit limit ratio low.

A relative With a great credit limit and clean payment history can add you to theirs Account. this will definitely be useful in increasing credit score even if you are not Using the card.