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You may easily add many points to your Credit Score

How to add up to 100 points to your Credit Score in a year.
Easy to follow tips.

Find out everything about Credit Reports
  • Please check frequently your Credit Report and report any mistakes you will find, to the Credit Report Bureau, which issued your credit report.
    Some common mistakes which people find out in their Credit Reports are concerning wrong data about your open or closed accounts, your mailling or home address, your current or previous employers data, etc.
      If you do not know much about Credit Reports, we suggest you to visit our dedicated page               about CREDIT REPORTS, where you will find all detailed information. You are welcome !
  • Do you have got only one checking account and savings account? You should try to open and have at least 2 checking or savings accounts in at least 2 different banks.
  • For sure, you should never keep your money in your pillowcase or similar place.
  • Try to keep minimum balance on your checking account. Perhaps, it is wise to check the balance every few days.
  • Please use direct deposit which prevents multiple trips to the bank. If possible, please set up the balance alerts which helps prevent over drafting.
Keeping your money in pillow do not help improve credit score.
      In some banks, you may even set up SMS alerts, which will send you text messages about                 balance changes in your checking account.
Keeping some money as a savings is good for the health of your personal finances
  • If this is possible for you, please keep some money as a savings as a backup, "just on case" of something. For sure, it helps prevent over drafting. Such savings are very important - just set it and forget it - use this money as an investment dollars.

    Of course, we are not talking about keeping your savings in piggybank. Please keep majority of your savings in, at least, two different savings accounts, in two different banks. This will help you improve radically your credit ratings and score.
  • Try to set up e-mail send to you with payment reminders which helps prevent late payments. Other e-mail messages and e-mail statements could be also helpfull, like information about incoming and outgoing cash flow.
    Such balance alerts helps prevent over drafting. Keep all receipts which provides proof of payment and for record keeping.
  • Pay all your bills on time. This is the best way to build credit and trust, in the eyes of credit bureaus, banks, lenders and all service providers, etc..

    If possible, please use online payments and electronic banking. This is the quickest, cheapest and easiest way to pay bills and transfer of money. This way, you will get automatic receipt and do not get involved with mailed in checks,etc.
Electronic banking will help in your personal finances.
  • If can’t pay in full then pay at least minimum, which shows the proof that you are attempting to pay even if you have no money, at the moment. However, the best option is when you pay your bills in full if possible - it shows that you can handle your open credit and will helps increase imposed limits.
Credit Cards can help you improve your credit score and rating.
  • When comes to Credit Cards, except regular Credit Cards, please try to get at least one pre-paid credit card. Just download money on this card, then buy as usually shopping.
    It helps build trust. Please be sure that your prepaid credit card and all others active credit cards are reported to credit bureau. This will improve your credit score and ratings.
  • Please keeps open credit active and allows for easy monthly payoff. If you really cannot pay off a month, don’t charge anymore until paid off. Please try to charge 25% of credit imit monthly – for example, if $250 is the limit, then charge $60-100 monthly
  • If possible, pay off credit card monthly. In fact, the more you charge while having the ability to pay off, the better for your credit ability, in credit bureaus eyes. We recommend purchasing auto gas and paying off at the end of month. Keep avoid large purchases.
  • Again, when comes to credit cards, when possible get 2-3 open and active credit cards and keep track of them and pay them off monthly.

    Please do not close out credit card accounts. In fact, the higher the total of the credit limit , reduces the % of credit you have charged.
Open and active credit cards can boost your credit history and score in a good way
  • When comes to loans, if posible, please use so called Reverse Loans, which means loans where you don’t get the cash until you have paid off the balance.
  • The other very good idea and tip is to use Loans as Savings. For example, take out a loan from one back and put this money in your new checking account in another bank. Use this new checking account to pay the monthly payments of that loan and do not pay off early.
    Make sure your loan and your new checking account are reported to credit bureau.
    If possible, you can pay off earier some kind of other loans like automotive once, just to avoid high interest fees.
Cell phone contract could improve your credit score , as well other such contracts.
  • You may also improve your credit score by signing a few contracts, e.g. for cell phone, club membership or something similar.
    Regardless of how meaningless it is to you, never break the contract.
    Always pay the contract bills in full and on time.
  • The last group are Investments. If you have got some extra money, just open one extra savings account or put some money in Savings Bonds.
    You should report it all to Credit Bureau.
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