subject: Credit Secrets - 5 Secrets To Great Credit Scores [print this page] 1) Recognize The Difference Among Soft And Hard Inquiries
Once you pull your credit rating report to look at it, it is counted as a "soft query." Only "hard inquiries" from lenders will affect your credit rating dramatically. Although checking your credit rating too often is an expensive habit, you may not avoid checking your credit rating report because you fear it will make your credit rating worse.
2) Look For Loans That Are Offered For Low Credit Risks
In the long run, you should always refinance your loan to take advantage of a better rate once your credit score number improves.
3) Avoid Too Much Credit
In order to have a great credit rating, avoid taking out too much credit. You may stick to one or two credit cards and one or two other major debts (car loan, mortgage) to have the best credit rating. Do not apply for every new credit line or credit card "just in case." Borrow only when you need it and make sure to make payments on your debts on time.
4) Have A Range Of Credit Types
If you have a reduce credit score that you would like, odds are this the score is caused over some small money flaw or oversight you have made in the past. Not every person with bad credit has a low credit rating and score caused over something they did, though. Bear in mind, other people's crook activity should affect your credit score. There are a few tips that can keep you and your credit safe form online and financial predators
5) Give It Time
However, after two or three years, if you have been paying your expenses on time, next the bankruptcy from two years ago will matter less considering you have been rebuilding your credit. Your credit will still suffer - however you will slowly be starting to work your way out of the credit problem. Persistence and great credit habits will get you there.
