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How Can I Improve My Credit Score?
Pay all of your bills on time. Paying late, or
having your account sent to a collection agency has a negative impact
on your credit score.
Try not to run your balances up to your credit limit.
Keeping your account balances below 75% of your available credit
may also help your score.
Avoid applying for credit unless you have a genuine need
for a new account. Too many inquiries in a short period
of time can sometimes be interpreted as a sign that you are opening
numerous credit accounts due to financial difficulties, or overextending
yourself by taking on more debt than you can actually repay. A flurry
of inquiries will prompt most lenders to ask you why. However, most
scoring formulas will not penalize you if, for example, you are
shopping for the best mortgage rate or the best car loan.
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| Sample Client Contacts |
'I have 2 student lines of credit as well as 5000 in credit card debt and I can't get ahead'
'Please email response. I owe $5000 on my credit card. I am just wondering: 1. If you can actually lower that amount. 2. If you can, what fees do you charge? 3. If you represent me in arbitrations with the creditors, will this affect my current credit rating? Thanks.'
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