ü CONCENTRATE ON THE PAYMENT PERFORMANCE
ü Your payment history accounts for nearly 65% of your credit score. A good payment record of being very punctual in making your payments on payment due date will play a very important role in quick credit repairs.
ü Maintaining low balances in terms of your credit line. That is your credit line usage nearly accounts for 35% of your credit scorekeeping low lines of credit will help in keeping your debt levels at 0%after every billing cycle. A 0 level debt will definitely repair your credit score
ü Maintain low balances on your card
ü Try to use your credit card s limit sparingly. Avoid making big amount purchases on your credit card
ü Try getting more credit for your credit history.
ü Never close your old credit card accounts even if you are not using them.Cancelllation of the credit limit available to you can make a big dent to your credit score. So don’t close unused account. You can continue holding them even if you are not using them. These available credit lines contribute in a big way in quick credit repairs.
ü Work on raising your credit limit-The credit limit that was assigned to you at the time of issuing you a credit card. After using your credit cards for more than 6 months, you can put forward a request to your bank along with a copy of your financial statement to increase your credit limit. An increase in your current limit can zoom your credit score fast.
ü Adjustments with the collection department
ü A tag of charge off attached to your credit report. It will bring down your credit score drastically. Paying off debts to the collection department will not help to increase your credit score. But if the payment lowers your outstanding debt then it can help. You must speak with the collection department to remove the charge off tag from your credit report and instead mark it as “has agreed to pay”
ü If you follow the above points, you can easilyrepair your credit score. Hope this article was of use to you. If you have any questions, please let me know.
ü Your payment history accounts for nearly 65% of your credit score. A good payment record of being very punctual in making your payments on payment due date will play a very important role in quick credit repairs.
ü Maintaining low balances in terms of your credit line. That is your credit line usage nearly accounts for 35% of your credit scorekeeping low lines of credit will help in keeping your debt levels at 0%after every billing cycle. A 0 level debt will definitely repair your credit score
ü Maintain low balances on your card
ü Try to use your credit card s limit sparingly. Avoid making big amount purchases on your credit card
ü Try getting more credit for your credit history.
ü Never close your old credit card accounts even if you are not using them.Cancelllation of the credit limit available to you can make a big dent to your credit score. So don’t close unused account. You can continue holding them even if you are not using them. These available credit lines contribute in a big way in quick credit repairs.
ü Work on raising your credit limit-The credit limit that was assigned to you at the time of issuing you a credit card. After using your credit cards for more than 6 months, you can put forward a request to your bank along with a copy of your financial statement to increase your credit limit. An increase in your current limit can zoom your credit score fast.
ü Adjustments with the collection department
ü A tag of charge off attached to your credit report. It will bring down your credit score drastically. Paying off debts to the collection department will not help to increase your credit score. But if the payment lowers your outstanding debt then it can help. You must speak with the collection department to remove the charge off tag from your credit report and instead mark it as “has agreed to pay”
ü If you follow the above points, you can easilyrepair your credit score. Hope this article was of use to you. If you have any questions, please let me know.
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