Posted by: cfamcreditspecialist |
September 22, 2012
10 Tips to Improve Your Credit
10 Tips to Improve Your Credit
Score
1) Apply for and open new credit accounts only as needed.
2) Don’t close unused credit cards as a strategy for raising your
score.
3) If you are trying to build credit, don’t open lots of new accounts too
rapidly.
4) Pay off debt rather than moving it around.
5) Try to keep balances low on credit cards & revolving credit.
6) Pay your bills on time! Payment history contributes 35% of your credit
score.
7) Reduce your debt load. Come up w/ a plan to chip away at debt.
8) Set up payment reminders. Late payments hurt your score badly!
9) If you’ve missed payments, get current & stay current!
10) Check your credit report regularly. Go to www.annualcreditreport.com
How Credit Is Counted:
· 35% Payment history
· 30% Amounts owed
· 15% Length of credit
history
· 10% New credit
· 10% Type of credit
A low score is great in golf…not so much on your credit profile! As the
images clearly demonstrates, by having bad credit it is very EXPENSIVE!
Fico Score
APR Payment
760-850
3.631% $1,369
700-759
3.853% $1,407
680-699
4.030% $1,437
660-679
4.244% $1,475
640-659
4.674% $1,551
620-639
5.220% $1,651
*Based on 30 year fixed mortgage rate on $300,000 loan
(www.myfico.com/helpcenter/mortages/)
Let us help you out of the hole!
You have a legal right to dispute your credit profile!
The Fair Credit Reporting Act gives you the legal right to dispute items on
your credit reports that may be inaccurate, out of date, incomplete or
unverifiable.
It is your legal right to dispute items on your credit
report. CFAM Credit Solutions exercises your legal rights pursuant
to the Fair Credit Reporting Act, the Fair Credit Billing Act, Truth in Lending
Act, and Fair Debt Collection Practices Act, as well as other applicable Federal
Statues.
CFAM Credit Solutions helps consumers with credit reports that contain
information that is inaccurate, misleading, and incomplete.
Need Help?
CFAM Credit Repair~ To get started on repairing and
rebuilding your credit ~ www.ElevateMyScore.com
For information on Credit Repair ~ brhoades@cfamcredit.com
10 Tips to Improve Your Credit
Score2) Don’t close unused credit cards as a strategy for raising your score.
3) If you are trying to build credit, don’t open lots of new accounts too rapidly.
4) Pay off debt rather than moving it around.
5) Try to keep balances low on credit cards & revolving credit.
6) Pay your bills on time! Payment history contributes 35% of your credit score.
7) Reduce your debt load. Come up w/ a plan to chip away at debt.
8) Set up payment reminders. Late payments hurt your score badly!
9) If you’ve missed payments, get current & stay current!
10) Check your credit report regularly. Go to www.annualcreditreport.com
How Credit Is Counted:
· 35% Payment history
· 30% Amounts owed
· 15% Length of credit history
· 10% New credit
· 10% Type of credit
A low score is great in golf…not so much on your credit profile! As the images clearly demonstrates, by having bad credit it is very EXPENSIVE!
Fico Score APR Payment
760-850 3.631% $1,369
700-759 3.853% $1,407
680-699 4.030% $1,437
660-679 4.244% $1,475
640-659 4.674% $1,551
620-639 5.220% $1,651
*Based on 30 year fixed mortgage rate on $300,000 loan (www.myfico.com/helpcenter/mortages/)
Let us help you out of the hole!
You have a legal right to dispute your credit profile!
The Fair Credit Reporting Act gives you the legal right to dispute items on your credit reports that may be inaccurate, out of date, incomplete or unverifiable.
It is your legal right to dispute items on your credit report. CFAM Credit Solutions exercises your legal rights pursuant to the Fair Credit Reporting Act, the Fair Credit Billing Act, Truth in Lending Act, and Fair Debt Collection Practices Act, as well as other applicable Federal Statues.
CFAM Credit Solutions helps consumers with credit reports that contain information that is inaccurate, misleading, and incomplete.
Need Help?
CFAM Credit Repair~ To get started on repairing and rebuilding your credit ~ www.ElevateMyScore.com
For information on Credit Repair ~ brhoades@cfamcredit.com
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