Tips For Raising Your Credit Score

Dated: November 15 2012

Views: 758

Tips for Raising Credit Scores Payment History Tips
  • Pay your bills on time.
  • Delinquent payments and collections can have a major negative impact on your score.
  • If you have missed payments, get current and stay current.
  • The longer you pay your bills on time, the better your score.
  • Be aware that paying off a collection account will not remove it from your credit report.
  • It will stay on your report for seven years.
  • If you are having trouble making ends meet, contact your creditors or see a legitimate credit consultant.
  • This won't improve your score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time.
Amounts Owed Tips
  • Keep balances low on credit cards and other “revolving credit”.
  • High outstanding debt can affect a score.
  • Pay off debt rather than moving it around.
  • The most effective way to improve your score in this area is by paying down your revolving credit. In fact, owing the same amount but having fewer open accounts may lower your score.
  • Don't close unused credit cards as a short-term strategy to raise your score.
  • Don't open a number of new credit cards that you don't need, just to increase your available credit.
  • This approach could backfire and actually lower score.
Contact our preferred lender for more information.
Blog author image

Russell Banki REALTOR® ALHS CNE

Russell Banki ALHS, CNE REALTOR Hite Properties Cell: 713-480-0889 Best Priced Properties Team Montgomery & Harris County TX Real Estate Experts Clients First!Treating the relationship with f....

Want to Advertise on this Site?

Latest Blog Posts

We Just Closed In Spring TX

We just closed on my listing in #HannoverForest! Also happy for the new property owners who relocated to #TX from CA. Congrats! Many blessings in your #newhome! 

Read More

July Houston TX Home Sales Continued Strong Despite The Numbers

Broken out by housing segment, July sales performed as follows:  $1 - $99,999: decreased 38.0 percent    $100,000 - $149,999: decreased 37.7 percent    $150,000 -

Read More

Just Listed In Spring Texas In The Sought After Community Of Hannover Forest Just A Mile From I45

2122 Melanie Park Drive Spring, TX 77388DON'T MISS THIS GORGEOUS HOME within a mile of I45, Grand Parkway & easy access to Hardy Toll Rd, ExxonMobil & The Woodlands. HEB & ALDI across from.

Read More

Congrats To Both Buying And Selling Clients On The Purchase Of The Acreage Lot In Conroe TX

Congrats to both buying and selling clients on the sale of this fantastic acreage lot in Conroe TX off 1488!  Sold quickly at full list and was a smooth process for both parties! Can

Read More