How do we improve our credit card score in very little time
Credit cards were invented to help people to buy anything they want without money because they borrow some money for a limited period of time from banks. In the past when there were no credit cards they borrowed money from their friends or family. Sometimes they said no but after these inventions people are very happy. It is very big doubt in people mind how do we improve our credit card score in very little time.
Credit cards are not only to buy less expensive things, it is also helpful to buy expensive things like houses, cars, etc.
When we start using these cards we generate credit points which are clearly shown in the picture. Poor credit scores number goes from 300-579, Fair 580-669, Good 670-739, Very Good 740-799, Exceptional 800 and up.
When we have no good credit scores then banks will not give us the loans or sometimes they give loans but interest rates are very high because of low credit scores. That’s why it is very important to make it good in today’s time. I will tell you how you can improve your credit score in the next paragraph; if you start doing it from today then you can improve it in a very short time.
Ways to improve credit score:
Pay Bills on time: Your payment transaction history plays a very important role because whenever you want to take a loan they always see your bill payment history so the first and foremost way to improve your score is paying the bill on time.You can set payment reminders which help you to remember about paying bills.
Reduce Debt: Always use 30 percent of your credit card limit because it shows that you are using credit responsibly and can positively affect your score. For example:If you have a limit of 2000$ then you try to spend only 600$.
Check Credit Report: Watching your credit report regularly helps you to find out if there are any errors or inaccuracies which affects your credit score negatively. By solving these you can ensure that your credit score goes up.You can check your credit reports from (Equifax, Experian, and Transunion).
Set up automatic payment: In today banks apps are so advanced you have one very good option to set up automatic payment. It means you only want to add a debit card or bank details. They will automatically deduct the bill amount from your account on time which directly makes a good credit history.
Try to save money: Saving is such an important thing nowadays because you don’t know what will happen in future; savings make you pay your bills in your bad times and also makes you good in front of banks. There are many options in which you save money. You can contact me on whatsapp +16725513244. I will guide you to save money and make your credit score good or real estate knowledge.
Using credit cards for paying rent or utilities: Make a habit to only use credit cards for paying rent or utilities which will only consume 30 percent of your limit and store it in your purse pocket. It will be easy for you to pay the bill without burden.
Don’t apply for new and new credit cards: There are various negative effects of applying for new cards. First is it generates hard enquiry on your credit report and potentially decreases your credit score. Moreover it can reduce the average age of your credit account. More drawbacks will be if you have more credit cards you spend more which increases
debt on you and makes it difficult for you to pay the bill. Additionally carrying more balance in credit cards means you have to pay more taxes.
In conclusion:
If you want to improve your credit score you have to be disciplined and pay bills on time, increase your mind ability to remember about bill payment deadlines. You can contact us for more advice to make credit history good.
Understanding some things like credit score takes time to build good. Do not think it is an overnight process but if you do these things constantly you will definitely make a good credit score.
