5 Credit Hackers Can Quickly Improve Your Credit Score
It seems difficult to organize your credit. Especially if you are busy and have something to do. But the cost of not solving this problem is much higher for your long-term financial health. Here are five best suggestions to make full use of your time to solve your credit problems.
- Liquidation of old debts
If your debt has been transferred to the recipient, they will pay 15-20% of the original debt amount to take over it. If it is sold to other collectors again, they are likely to pay 20% of the previous amount. If the initial debt was $100, the first people might have paid $20 for it. The second collector may have bought it for about $5. This means that if you provide 30% of the cost, 30 dollars out of 100 dollars, most people will accept it.
- Please take out the old fan
This is different from the first one. Because you must confirm whether the debt is settled. Write this down Paying off the debt and then letting it go won’t do you any good. You should be smarter than him.
- One time payment
This applies to all payments. Rent, credit card, telephone, etc. Late arrival will be reported to most people who have not heard of the credit check, and affect the future.
- With your credit… some
Some known factors for credit scores are available credit limits. A good rule is not to exceed 30-50% of the available credit. Therefore, if you have a credit limit of $100, please do not. Do not exceed $500. Although it will be difficult, it will show good habits. Usually helpful for credit score.
- New Credit Application
As mentioned above, if you do not use credit cards frequently or at all, you can gain points by adding available credit cards. If your limit is $1000 and you pay on time or not on time every month, your limit will soon increase. If your bank has your credit card, such as Chase, they should be able to see elements that may not have other credit cards and increase your limit.
Improving your credit will greatly promote your overall financial health. Follow the above procedure to upgrade your credit to the next step.
