Most Effective 3 Ways To Improve Your Credit Score

By Author: J.J. Yong
Total Articles: 963
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With the way our economy is heading, it wouldn't come as a surprise to know that half today's population is having financial trouble. More often than not, it would affect their credit score bringing it down to average or below average. If you've been wondering what you can do to fix your scores, then don't stop reading.

If you're the kind of person to live off credit cards, then stop. Chances are, you're spending more than you can afford and you are missing payments big time. change your spending habits and give up your plastic cards if your credit score is low. Instead of using big company cards, try just using small ones like those used only for gasoline or small department cards. Cut up the rest and start living off cash instead.

Next, come up with a payment scheme and start paying off your debts. Do off without the fine dining, unnecessary shopping, impulsive buying and purchasing random trinkets you don't need and you will see how much you actually save. Then, total up your bills and come up with a plan to make payment monthly to each and every company you owe. It will help if you can afford to pay more than ...
... the minimum amount as well. In addition to that, never miss payments or you'd end up with late fees. Try paying up on time or let your creditor know ahead of time that you may take a few days.

Besides that, if you've got old cards, dust them off and keep them, just not in your wallet. The older your card is, the better it is for you. This is so because the company of the card will stop submitting records for your credit report, which will lower the weight to bringing down your score. It may seem like a small step, but in a long run it will help fix your scores.

All in all, there are several other ways to improve your credit scores as well. But what you really need is self discipline and a good hand on your money making sure you don't spend more than you can afford.
For more information poor credit score and ways to improve credit score, visit CreditScoreEssentials.com