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Powerful Tips For Building And Boosting Your Credit Score

A good credit score is something that you often take for granted until it is gone. Having a poor credit score will cripple you in many ways, from not being able to get credit when necessary, to being stopped from making important purchases. If you work hard and take many steps, you can often improve your credit score in as little as one to two months. Here are some tips to help you get started.

1. Apply for a new Credit Card

If you have poor credit history, you should obtain a new credit card if you do not yet have one. This will ensure that you have somewhere to begin again. It gives you a place to start to build good credit, if yours is not in a good state.

2. Stop Using Your current Credit Cards

Although this step may seem to contradict the previous one, it falls hand in hand with it. Whether you just obtained a new credit card, or are working with one you have had long term, stop spending money.

If you have a poor credit score, it might be indicating that you have trouble with your spending habits. In this case, you still want your credit card in order to build credit, but you need a lot of self-control so that your history can take a turn for the better. Consider storing your credit card in your night table so that you will not have easy access to it.

3. Always Pay Your Credit Card and Bills in Full and On Time

When you are the proud holder of a credit card, pay your bills every month, and in full if possible. If you have debt that has piled up, then do your best to pay it back as quickly as possible. This goes for all your bills. Even if you pay it back at a slow, steady pace, you will eventually get there.

4. Keep Your Cards Active

Don’t be tempted to close your credit card accounts. Credit cards can get people into trouble, but when handled correctly they can be your best friend. Remember that having a credit card long term shows stability and will raise your credit score. Avoid the temptation to habitually shut down one credit card after opening another one, as this will harm rather than help your credit score.

5. Use as Little of Your Credit Card Limit as Possible

Ideally, you should not use more than 30% of your credit card limit on a monthly basis. Even if you are regularly paying it back in full, the habit of spending more than this percentage causes you to appear as a big spender. This will most certainly hurt your credit score.

6. Request that Debt History Be ERASED

It’s so simple it doesn’t seem real, right? This is a little trick that not many people know about. If you have hit a rough patch and been a little irresponsible with your credit for a short period of time, do your best to correct the situation. When you have shown effort to correct it, contact your credit card company to see if they would consider clearing your poor credit history with them.

Repairing your poor credit score is not an easy task, but it is entirely achievable. Take your time and choose as many ways as possible to give it a boost. In no time at all, you will be on your way to better credit.

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