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


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

How to Fix Your Score

This week, I’ve been covering the importance of a good credit score and looking at the various ways you can improve your score. Although it may seem difficult, making the right adjustments can ensure an improved score that can open your access to increased credit and better interest rates. If you need to boost your score, I urge you to take the challenge and improve your score. Doing so can have a great impact on your financial future!

Here are the last of my tips that will improve your credit score:

Use Cash: Using cash and leaving your credit card in your wallet can also be a way to help rebuild your score. Many people get into trouble with their credit card because of the convenience and ease of it. The fact is that using a credit card to pay for items is much easier than using cash, because you don’t actually see or feel the money leaving your pocket. This makes buying things less of a decision and much easier to do on a whim. When you use cash, you are more likely to ask yourself, “Do I really need this?”

Keep a Low Balance: The less credit you use, the better. You never really want to use more than 30% of your available credit at a given time. By limiting your use, it shows creditors that you are less of a risk and aren’t at risk for going deep into debt and owing much more than you can afford.

Limit Your Applications for New Credit: Although it’s good to have lots of credit available to you, you don’t necessarily want to get it all at once. Each time a creditor checks your history, your score can take a bit of a hit; especially if it is all done in a short period of time. For instance, if you’ve applied for a number of credit cards in a short period of time, it can cause you to look desperate, which is not so favorable in the eyes of the credit bureau. Try to stagger your applications a few months in between.

If you receive your report and aren’t impressed by your credit score, don’t panic or feel helpless; you can make it better. Just try to institute some of the plans mentioned above, or talk to a credit counselor. Maintain a positive attitude and know that you can fix your score if you work hard at it.

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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