| You know how important is your credit score | | | | |
| for the balance of your financial life. | | | | As time goes by you are building what the |
| Keeping your credit score high will ensure | | | | experts like to call Credit-History. Your |
| that the interest rates you pay will remain | | | | history has a great impact on your credit |
| low. It will also make you eligible for all | | | | score. If you have a long history and a |
| kinds of loans and credit cards. Everyone | | | | positive financial behaviour, then everybody |
| pays attention to your credit score, your | | | | will be more confident and will lend you |
| bank, your employer, your landlord, your cell | | | | their money. Therefore it wouldn't be wise to |
| phone company, everybody. Here are some tips | | | | cancel that old credit cards you don't use |
| to keep your credit score high and balanced. | | | | because you found a better deal somewhere |
| | | | else. The accounts associated with old credit |
| Ask for a higher credit card limit | | | | cards remain active and there's a positive |
| | | | credit-history already created for you. Why |
| Here's a tip to keep your credit card balance | | | | not use those cards every once in a while to |
| low. The amount of money you owe as a | | | | keep the accounts running? |
| percentage of your total credit limit counts | | | | |
| a lot to your credit score. For example if | | | | Don't be fooled by credit repair companies |
| you have a $5000 credit limit and your credit | | | | |
| card balance is $2500 you are at the 50% | | | | The best way to repair your credit score is |
| level, which is relatively high. What you can | | | | to do it yourself. If you don't know what to |
| do to reduce your balance-level is to ask for | | | | do and you are ready to trust one of the |
| a higher credit limit. For example if you are | | | | thousands of credit repair companies out |
| approved for a $10000 credit limit and you | | | | there, then you better think twice. More than |
| still owe $2500, you will automatically move | | | | half of them are a scam. It seems that |
| to a 25% balance-level. | | | | everyone and their brother establishes such a |
| | | | company. It's difficult to discover the |
| Know your credit score status | | | | legitimate ones. Never pay such a company |
| | | | before they provide their services. Always |
| Find a way to order your credit reports from | | | | ask information about your legal rights and |
| the credit bureaus, especially if you are not | | | | be aware not to be involved in any illegal |
| approved for a loan or for a credit limit | | | | activities without even know it. |
| raise. It is highly likely that there are | | | | |
| errors on these reports. These errors are | | | | Make arrangements with the creditors |
| caused by lack of verification of information | | | | |
| the credit bureaus receive from the | | | | Sometimes it's a good idea to talk to your |
| creditors. Take a good look at the reports | | | | lender about that last late payment. Ask them |
| and look for these errors. It's up to you to | | | | if it's possible to erase it from your credit |
| keep your credit report clean so that it will | | | | history. Some goodwill will never hurt you |
| reflect your financial status. You can then | | | | and you'll have the chance to develop a |
| write a letter to the credit bureau asking | | | | relationship that could be so beneficial for |
| them to correct the errors. Supply any | | | | you in the future. If you don't want to talk |
| information or documents as proofs. | | | | to the creditor you can write them a letter |
| | | | and express your request in a polite manner. |
| Build a strong credit history | | | | Remember you've got nothing to lose. |