• Skip to content
  • Skip to primary sidebar
  • The Tinacious Writer
  • Lifestyle & Beauty
  • Portfolio
  • About Tinaciouslee

Finance

Three Best Tips On How To Improve Credit Score

August 30, 2012 by Tina Lee-Almazar | Tinaciouslee Leave a Comment

A vast majority of people are understandably confused when it comes to credit scores and credit ratings. In essence, credit score is nothing more than just a history of all the purchases and payments a person has made. This recorded history is the first thing that credit card companies look for when they are considering applications. If a person has an excellent credit score, he is often perceived as someone who can manage his finances well, therefore, he will be qualified to get credit cards.

Good management skills include making timely payments, the amount of money owned or the debit to credit ratio and the length of the credit history. These major factors will come into play when you are trying to obtain a loan, rent or buy a house or apply for credit cards. So how can you ensure that you are able to build or maintain an excellent credit score? Consider these tips:

Pay On Time

Paying on time will account for roughly 35% of your credit score. If you want to maintain or build a better credit score, then you must make an effort to pay your balance before the due dates. How can you ensure that you will pay on time? Do the following:

  • If you are paying your bills via mail, pay it in advance, preferably within 7 to 10 days prior to the due date.
  • Consider making online payments
  • Many credit card companies allow automatic payment of credit cards bills at no extra cost
  • You can also request to move the payment dates on days that are suited for your lifestyle
  • Sign up for an email alert that will remind you when the next payment due date is up

Do NOT Exceed Your Credit Limit

The general rule of thumb is, the less the total credit limit you use, the better it is to your debit to credit ratio. It is recommended that you only use about 30% of your available credit on your credit cards.

Maintain A Long Credit History

What most people do not know is that a long credit history can account for nearly 15% of their credit scores! For this reason, try to keep all your old card account active and make occasional purchases on them. This way, you can maintain a significant amount of total available credit. In turn, this will have a positive impact on your credit score.

Filed Under: Finance

Primary Sidebar

Recent Posts

  • Review: FRESH Vitamin Nectar Moisture Glow Face Cream
  • 30 Days Post-Partum: Some Semblance of Normalcy
  • The Making of Damien’s Nursery
  • 2018: The Year in Review
  • Pregnancy Journey: Belly Updates

Recent Comments

  • MA RAMONA DUHAYLUNGSOD SULLA on Review: Belo Kojic Acid + Tranexamic Acid Intensive Whitening Soap
  • Tina Lee on Welcome to Tinaciouslee!
  • Christopher Jan Benitez on Welcome to Tinaciouslee!
  • tinaciouslee on Cool Find: Air-O-Matic by Airoma
  • Thurman Richard on Cool Find: Air-O-Matic by Airoma

Archives

  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007

Categories

  • Accessories
  • Adventure TIME!
  • Affiliate Marketing
  • Amazon Listing
  • Angels and Pornoland
  • Bags
  • Balik Alindog Program
  • Beauty
  • Books
  • Car Insurance
  • Creative Writing
  • Credit Card Articles
  • Credit Card Debt
  • Crushies
  • Cute Critter
  • Employment Tips
  • Finance
  • Food
  • Health
  • Hitched
  • Home Improvement
  • I Quote You
  • Internet Marketing Articles
  • Just Sharing
  • Life Insurance
  • Make-Up
  • Marketing
  • Mortgage
  • Movies
  • Music
  • Networking
  • News Write-Ups
  • Opinions
  • Parenting
  • Payday Loans
  • Pets
  • Pregnancy Journey
  • Press Release
  • Product Articles
  • Product Review
  • Quips
  • SEO
  • SHOES!
  • Shopping
  • Sick Site Network
  • Skin Care
  • Software Posts
  • Tax Debt Articles
  • Tech
  • The Pork en Chop Chronicles
  • The Year In Review
  • Thought of The Day
  • Uncategorized
  • What Came In The Mail
  • What I Really Want To Say

Get In Touch!

Additional Resources

EBOOK: AFFILIATE MARKETING STARTER KIT

Contact Me

© 2017 Tinaciouslee!. All Rights Reserved. Built with love and devotion by GoSmrk