Michael Newman’s latest ‘e-Wealth Daily’ article is titled “How to Improve Your Score”. [‘e-Wealth Daily’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

How to Improve Your Score

On Monday, I went over the importance of maintaining your credit score. Today and tomorrow, I’ll cover the various ways you can improve your score and increase your chances of securing the funding you may need. Remember, your credit score is extremely important. It determines your access to credit and your interest rates. With a poor score, it can be increasingly difficult to get the cash you need.

Get a Copy of Your Credit Report: You’ll never know what you have to do to improve if you don’t know where you stand. Every American is entitled to one free credit report a year, which can be obtained by logging on to www.annualcreditreport.com. Once you’ve received the report, it’s important to take a close look at what’s on it.

Review Your Credit Report Closely: You may be surprised to hear it, but it’s quite possible that your credit report contains mistakes that may be detrimental to your credit score. Go through your report and make sure all the information it contains is accurate, and that you’re aware of all the recorded information. If you have any questions or concerns, contact the credit bureau with a phone call, and then submit a letter explaining the discrepancies you may have noticed. The more evidence you have to support your claims, the better.

Pay Your Bills on Time: The best way to start getting your credit score back on track is to pay your bills on time. Since the majority of your credit score is made up from paying your bills on time, this should become one of your top priorities. Start budgeting to contribute more to your debts, along with limiting your use of the cards until you’ve got your payments back to a manageable level.

Use Your Credit Responsibly: Just because you may have all kinds of credit available to you, it doesn’t mean you should be necessarily using all of it. A good part of your credit score depends on how responsibly you use it, and how much of it you actually need. The more you use, the more risky you become, because it looks like you need it, instead of using it out of convenience.

Tomorrow, I’ll be back with a few more tips on how you can improve your credit score.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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