HOW CAN YOU
CREDIT RATING BY
Analyze Your Credit Reports
You need to know the exact state of your credit history before
embarking on the project to repair it. Download your credit
reports from the main reporting companies.
Make Payments on Time
The credit scoring model depends heavily upon your payment
history. Any delays or missed payments will adversely affect your
report. Such negative elements can remain on a report for at
least seven years. To restore your credit rating, it is vital to never
miss or be late in making payments.
Avoid High Credit Utilization
If the credit utilization is on the higher side, then it can have a
negative effect on your report. To raise credit score instantly, it is
suggested that you maintain a ratio of around 30%.
Open and Close Credit Accounts
To avoid situations where you have to restore your credit rating,
you must maintain a credit card account even if you are not using
it. If you have paid all the bills related to the account, then
keeping it open will help in boosting your credit.
More info: www.enhancecredit.com