How to Increase Your Credit Score Quickly

Increase Your Credit Score Quickly
If you’re in the market for a new home now that the interest rates are at historic lows, you may need to increase your credit score quickly. If you’re able to increase your credit score, you’ll be eligible for the lowest interest rates available. After all, the better your credit, the better loan terms you can get. If you have three to six months before buying, here’s how to improve your chances...
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Can Paying Your Bills on Time Increase Credit?

paying bills on time
  Can paying your bills on time increase credit? The short answer is yes, definitely. But there’s a catch. Before we get to that, it pays to understand why paying your bills on time works to improve your FICO scores and earn you access to more credit. Learn To Think Like A Lender Many people are mystified by their credit–they don’t understand what makes their FICO scores rise or fall,...
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Will Multiple Credit Cards Hurt Your Credit Score?

multiple credit cards
Your credit score won’t go down just for having multiple credit cards. It all depends on how many you have and how you use them. Credit card debt is on your credit report as revolving debt. Revolving debt means the balance can be carried over from month to month. Important factors in evaluating revolving debt are the age of the account, payment timeliness, and utilization rate. Additionally,...
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How Do You Repair Bad Credit? What You Need to Know

how do you repair bad credit
Credit score. It just makes me shiver to even think about looking at my credit score, knowing I likely have bad credit (or at least less than good credit). Nothing good can ever come of opening boxes that you know should stay closed! Except that your score is important. You need it to do everything from renting an apartment to buying a car. So I guess it’s important we understand what it is and...
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