Wednesday, December 12, 2012

My Ideas about How you can Clean Up and Raise Your Credit Score

Last Sunday, I spend more than 2 hours with 4 to 6 persons who are "Financial Experts".

At below, I want to share those talks but at very want to introduce with one website about which I heard many positive reviews from these 6 persons.

Yes, It is - Grace Financial Solutions

They have many years of experience in evaluating credit and guiding consumers to assert their legal rights as because of they do it every day!

They guarantee honesty and dependability, virtues which most people seem to have forgotten.

Having a bad financial history can affect people in many ways. This includes employment opportunities and buying a home. Not surprising, many people want to get improve their finances but cannot afford to pay anything off. Use a few strategies to clean up your credit without experiencing more financial difficulty.

If it is your intent to buy a home you must first know how to clean up credit. This is important due to the fact that any lender will go by your score in determining how you pay your bills. Anything negative listed on the report could have a direct effect on whether or not the bank will lend money to you.

Each year, every person is entitled to one free report from any of the three main credit bureaus. Go over every listing and check it for accuracy. Believe it or not, these reports do contain erroneous information. It is a person who enters the information and everyone is capable of making an error. It could be someone with the same name as yours, or possibly a Social Security number entered incorrectly. For whatever reason, mistakes do happen.

One of the mine best college friends who is right now well-known financial adviser in "New York City" told me some suggestion about "Raise Your Credit Score" which I also want to share at below. Just Follow Me Please.

(A) Your payment history makes up 35% of your total credit score. Your recent payment history will carry much more weight than what happened five years ago.

Missing just one months payment on anything can knock 50 to 100 points off of your credit score.

Paying your bills on time is a single best way to start rebuilding your credit rating and raise credit score for you.

(B) Your credit card issuer reports your outstanding balance once a month to the credit bureaus. It doesn't matter whether you pay off that balance a few days later or whether you carry it from month to month.

Most people don't realize that credit bureaus don't distinguish between those who carry a balance on their cards and those who don't. So by charging less you can raise credit score even if you pay off your credit cards every month.

Lenders also like to see a lot of of room between the amount of debt on your credit cards and your total credit limits. So the more debt you pay off, the wider that gap and the better your credit score.

Have a Happy Life with your family!!!

Enjoy your Holiday Festival Time!!!

Bye.. :)

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