Boosting your credit score scale
So if your given limit is $1000, you will want to make sure that the debts that you carry are not greater than $350 or else the bureaus will see that you are carrying a higher amount of debt than they prefer which will reflect their scores given to you on your personal credit report.
Another way to boost your rating is to pay off credit score rangemore than the minimum monthly payment required and to accumulate three or more open lines of good credit. You’ll want to use these lines properly so you can soon be in good shape with your credit building.
Improve your credit score
Before applying for a loan or even a lease, it is always wise to view your credit score range first to make sure you know where you stand. The reason for this is because once you know where you are positioned on the scale, you are in more control of knowing your outcome.
If you are applying for some kind of auto loan and you first pull your scores yourself, you will know a general idea of what interest rates you can be eligible for. It is far better to already know your position on the credit score range before going car shopping, then you to show up and have the car sales men tell you and try to hard sell you on high interest rate loans.
Since so many people are now dependent on credit, if you do not know your credit score range, it can be very bad. It is this number that speak volumes of your credit worthiness. This special number can either save you thousands of dollars, or it could cost you thousands of dollars.
That is why it is so important to be in control of your scores and know where you stand. Once you see where you are you can then take the appropriate actions to make sure you either stay ranking high, or move up the ladder for a better credit rating.
What you must do first
The techniques provided throughout this site will help bring you to an excellent start to achieving a nice rating on your 3 scores but you must first check your free credit score to see where you’re starting from.
Those who are more savvy about their finances will monitor their profiles on a regular basis to make sure that there are no drastic changes that have taken place on the good credit score scale.
It is also important to monitor your profile regularly to prevent being another victim of identity theft. Your scores will decrease when they are pulled at bank or loan office, but checking your own scores will not damage your profile!
Once you see exactly where you stand on the credit score chart you will be able to determine what needs to be done to improve your FICO scores.
Get your free credit score and apply these methods to improve your credit score scale today!