If you have a low credit score and have been wondering how to improve your credit then take a few minutes to read the rest of this article because it will give you some simple tips that are the foundation of good credit.
Tips For Improving Your Credit Budget Yourself- You need to sit down and determine how much money you have every month and what your financial obligations are.
Once you figure this out stick to this budget so you can not only pay your bills but also save a small amount every month.
Pay Your Bills- In order to get higher FICO scores you will need to have a good payment history on your credit report.
With this in mind you must start making timely payments, even if your past is full of late payments.
If you find your bills are just to much try calling the lender and working out a payment plan, it is better then defaulting! Stop Using Your Credit- If yo currently have credit accounts that are maxed out or close to being maxed you need to stop using them and start paying the balances down.
If you can pay the balance down to below 50% of the accounts limit your credit scores will improve dramatically.
Clean Up Your Credit Report- By doing some simple self credit repair and getting some of the older negative and possibly incorrect information removed from your report you scores should jump up fast.
Keep in mind you will not get everything removed but even a getting a few accounts removed will go a long way.