A Rating credit score 748

Want to get a better credit score? It’s not as hard as you think. Follow these six simple tips to start rebuilding your credit today.


  1. Keep Your Account Types Diverse


There are basically four kinds of credit accounts on your credit report, but they are not all weighted equally. From highest impact to lowest impact on your credit score, they are real estate loans, installment loans, credit cards and retail cards. It is advisable to vary your credit account types to maximize your credit score.


  1. Be Wary of Your Credit Card Utilization Ratio


When you have a credit card balance of more than 25% of your credit limit, your credit score starts to suffer. This is something that most people don’t realize. Avoid maxing out your credit card and aim to use less than 25% of your available credit. If you owe more than that, try to pay it down as quickly as possible.


  1. Limit Hard Inquiries On Your Credit Report


Credit inquiries signal that someone is looking at your credit score, however, they don’t all affect your score in a negative way.


Soft inquiries occur when a person or company checks your credit score as a part of a background check. Examples are when an employer or you check your credit report. These can be done without your permission; however, you don’t really need to worry about them because they have no effect on your credit score.


Hard inquiries generally occur when a lender checks your credit report to make a lending decision, such as when you apply for a loan, credit card or mortgage. You need to authorize these inquiries and they can influence your credit score. When you have tons of hard inquiries, it implies you are shopping around for credit which can lower your credit score. Hard inquiries come off your credit report after two years, therefore it is advisable to limit them to two every two years. Your credit score will begin to be negatively impacted once you have three or more.


  1. Don’t Close Old Accounts


One thing creditors want to see is a history of repaying debt. It is tempting to want to close old accounts, especially if you missed a few payments or the debt is paid off, but this is not recommended. The longer you have the account the more time you have to build a credit history for the account. Keep in mind credit length makes up about 15% of your credit score, so don’t be so hasty to close those old accounts.


  1. Update your Credit Report


Attempt to have negative entries such as collections or late payments removed immediately from your credit report. They will automatically be removed in 7 years, but it is advisable to clear your report, especially if you plan on applying for a loan before then.


  1. Own A Credit Card


This can seem counterintuitive, especially if you are trying to climb out of debt. However, in order to build decent credit, you need to be able to show you can handle credit. It is recommended you choose a major credit card, as this will look better. If you don’t qualify for a credit card right now because of bad credit, work on slowly building your credit so you can qualify down the road. Most importantly, use your credit card wisely. Avoid racking up debt that you can’t pay off at the end of every month, otherwise, it defeats the purpose of having the credit card in the first place.



Contact Great American Credit Repair Company today at 1-800-603-1943 and let us show you how you gain the financial freedom you deserve.


About Great American Credit Repair Company


Great American Credit Repair Company is a highly recommended credit repair company and a FICO Pro Certificate holder, with credentials from the National Association of Credit Services Organizations. Great American Credit Repair Company offers the only Money Back, Triple Result Warranty in the industry because we are confident we can deliver the results you need.


How does Great American Credit Repair work to restore your credit? Approximately 79% of all credit reports contain errors and aren’t verifiable. At Great American Credit Repair Company, we know most people don’t earn the credit score they deserve and will investigate every negative aspect of your credit report every single month to make sure you get the highest credit score possible.

Great American Credit Repair Company…….because you deserve a fresh start!

Call us today at (800) 603-1943 or visit us at https://greatamericancreditrepair.com for you FREE consultation and to get more information on how you can regain your financial freedom.

Contact Us For Credit Repair In Boca Raton, Orlando, Fort Lauderdale, Or All Of Florida!