How to Get Good Credit Scores
April 20, 2010 | In: Personal Finance, Self Improvement
Most people find it difficult to control their spending and some even go in debt. However, if you need to make a loan, or buy property, you need to have a good credit history to make sure it happens. Here are
tips and suggestions on how to have good credit score:
Always pay your bills, and pay them on time If you can’t pay the whole
amount of your credit card bills, make sur ethat you pay at least the
minimum balanace. Not only will this improve your credit score but it
will also save you from paying late charges.
Know your credit limit and set a budget. Never go over your limit. Again, this will look bad in your credit score, and you’ll also get extra charges for exceeding your set limit.
If you’ve been good at paying bills on time, all the time, you can even
get extra score points. Once you have enough points, you can exchange them for rewards. You can even have you annual fee waived off if you have enough points.
Do not close your credit card accounts. Closing too many credit cards
completely can also affect your credit score. It is better to stop using the card for a short time and use it to purchase items later on.
Related posts: