subject: Three Top Ways For Building Good Credit Fast and Effectively Without Spending Your Savings! [print this page] Three Top Ways For Building Good Credit Fast and Effectively Without Spending Your Savings!
There are many ways to go about getting a better credit score and you just have to know what some of the tricks are to getting your credit on track. Here are three tips that will get you started, but remember there are about 30 good things you can do to boost your score.
First, to get a higher FICO score you need to watch how often your report is actually pulled from the bureaus. This is one of the major advantages of you actually pulling your report and knowing what is on it. When you do this make sure you get a copy from all three of the bureaus so that you have all the possible information you will need. This will save you from losing FICO score points because of having your report pulled by multiple sources of financing when you are shopping around for something that requires financing.
Second, if you want to know how you can begin building good credit you have to have your report in front of you. Your score is based a lot on how many good debts you have compared to bad debts. Good debts are those that you have paid on time and have been responsible with. Bad debts are those that you have made a late payment on or have stopped paying all together. When you want to start building good credit you can start by adding more good debts like small limit credit cards that you use once or twice a month and pay in full each month. You can also begin to eliminate bad debts one by one as well.
Last, and this is probably the hardest part for those that want to have better credit because they just don't want to deal with it. Start paying off your debts one by one. Start with the smallest one and work your way to the largest. Of course, you want to work on all the bad debts because these are the ones that hurt your credit the most. You can always have a debt service or a credit service help you with this part if you are afraid you will not be able to do it on your own.
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