How to Get a Better Credit Score

A good credit reputation could get you the loans and credit opportunities that you need. Not only is it easier to apply and qualify for financial contracts, the credit rates are also cheaper.

Not everyone is blessed with a stellar credit, but you can always turn things around. If you are one of those people that are wondering how you can improve your credit then read on.

Of course, there is no shortcut to success, if you want to have a better credit, then you best by work hard for it. Creating a good financial plan could always turn your bad credit around.

If you cannot stick to your plans, then you are going to keep struggling with your finances. According to Linda Gunter, a Birmingham resident who used to suffer from bad credit, to get out of that sticky situation, you have to train yourself not to use your credit card.

She says if you can’t pay for something you want with cash, then you best by just forget buying it. Recovering from bad credit is just easier said than done, the real secret to success is good planning and great self-control.

Stephen Yoder, a professor at UAB a School of Business shares that you must make sure that your earnings are equal to your expenses. You can never recover from bad credit if you spend more than you earn.

He says that you must get hold of your credit report, study it and check for errors. These mistakes in the credit records often lead to bankruptcy and bad credit for unsuspecting clients. If you find a mistake in your records then you should write to the agency and correct them.

You should also ask yourself if you have been religious enough in paying your bills. If you fail to pay them on time and they pile up then it could spell trouble for you. If you are not very good at organizing your bills, then you can always set up something called an automatic payment system, where you pay a fixed amount with your card online.

Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay

Related posts on loans for people with bad credit:

  1. Bad Credit Doesn’t Really Reflect a Client’s Responsibility Bad Credit Doesn’t Really Reflect a Client’s Responsibility Credit reporting industries believe that an individual’s credit status reveals his personality, most especially his sense of responsibility. However, the New York Times and the Columbus Dispatch, two renowned newspapers are arguing otherwise. Recently,…...
  2. Start Being Wary of Your Credit Now Start Being Wary of Your Credit Now It is vital that you get to make it a yearly habit to log in www.annualcreditreport.com or call 877-322-8228to get a copy of your credit report from Experian, Equifax and TransUnion. Most especially, you…...
  3. Five Steps on How to Keep a Good Credit Score Five Steps on How to Keep a Good Credit Score One of the advantages of having a good credit score is that you can get good rate on a mortgage or any other type of loan. However, lending firms are not the…...
  4. Credit Score Road Map: What Affects Your Credit Rating? Credit Score Road Map: What Affects Your Credit Rating? It has always been a misinterpretation among the populace that when the interest has fallen in the market more people will have the opportunity to get great interest deals. FICO, the company…...
  5. 3 Easy Ways To Increase Your Credit Score It used to be that "people" made decisions about your credit worthiness. You knew your banker and your handshake was all the collateral you needed. Those days are long gone, and now a single number - your FICO score - determines your credit worthiness....

Filed under: bad creditCreditCredit Score

Like this post? Subscribe to my RSS feed and get loads more!