How To Get A PERFECT Credit Score For $0
What Gives You A Good Credit Score?
Having a good credit score is one of the key factors that determine your creditworthiness. It can affect your ability to borrow money, access credit cards, and even rent an apartment. So, what gives you a good credit score?
The most important factor that determines your credit score is your payment history. If you always make payments on time, your credit score will benefit. On the other hand, if you are late on payments or miss payments entirely, your credit score will suffer.
Another important factor is the amount of debt you carry. If you have high amounts of debt, your credit score will be lower. On the other hand, having lower amounts of debt can help your score.
The age of your credit history is also important. The longer your credit history, the more positive it looks to lenders. That’s because it shows lenders that you have a steady history of managing your finances.
Finally, your credit mix is also important. If you have a mix of credit cards and installment loans, it can help you improve your score.
In conclusion, your payment history, debt levels, credit history, and credit mix all play a role in giving you a good credit score.
• Payment history is the most important factor in determining your credit score.
• The amount of debt you carry affects your credit score.
• The age of your credit history is important.
• Your credit mix is also important.
People Also Ask:
Q: How long does it take to improve my credit score?
A: It depends on your individual situation. However, it usually takes at least several months to see an improvement.
Q: How can I improve my credit score quickly?
A: Start by making your payments on time and paying down your debt. You should also check your credit report for errors and disputes any inaccuracies.
Q: What is a good credit score?
A: A good credit score is typically considered to be 700 or above.
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FIRST: LEARN WHAT MAKES YOUR CREDIT SCORE:
35%: On Time Payment HIstory
30%: The Amounts Owed (Utilization)
15%: Average Age Of Accounts
10% Types Of Credit
10%: Number Of Credit Inquiries
IF YOU DON’T HAVE ENOUGH CREDIT:
Either give it more time, or allow yourself to become “An Authorized User.” This term is also known as “credit piggy-backing,” because – essentially – you get all the benefits of someone else’s score, without you needing to do all the work. Not all cards will do this, however, so be careful to pick the right one.
HIGH CREDIT UTILIZATION:
Pay off your balance – for most people, this will make the biggest difference in the shortest time possible. In addition to that, opening up a new line of credit or requesting a credit limit increase could also help – because now your “amount owed” is a smaller percentage of your overall credit.
USE EXPERIAN BOOST:
Experian Boost is a free, opt-in service that links to your accounts, and then tracks on-time phone and utility payments by adding them as a positive trade-in to your Experian credit file. Doing this will give you: more positive credit history and more on-time payments to help boost up your score.
REMOVE LATE PAYMENTS:
First, pay them off as soon as possible – it’s much better to have a 30 day late payment than a 60 day late payment. It’s also always worth it to TRY to negotiate the terms of the debt and see if the lender can adjust your account status back to current – or, remove it as a courtesy. If all the above fails – look for any inaccuracies in the information and dispute it.
DON’T CLOSE OLD ACCOUNTS
If you close your oldest account because “you don’t use that card anymore” – what you’re really doing is eventually ERASING your oldest trade line, and when that happens – eventually, the average length of your credit history will drop – over time, it’ll look as though you have a much newer account then you actually do, and that will lower your score.
There’s no need to pay for any credit repair services, and ignore any spam comments praising someone for increasing their credit credit score. All of this is something you can do yourself, in under an hour, for free…and all of it’s fairly simple to learn.
If you’re able to utilize these these 6 steps – a PERFECT credit score is absolutely achievable, for totally free, without paying ANY interest to the credit card companies – JUST by paying off your bill, in full, with no annual fee credit cards. That way, they never charge you interest – you never pay a credit card fee – and, you get every benefit of getting a perfect score – for $0.
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