Upgrading Credit Ratings in 5 Steps

Upgrading Credit Ratings in 5 Steps

Ocak 14, 2019 0 Yazar: Employment

Upgrading Credit Ratings in 5 Steps

Take a look at how you can raise your credit rating by using smart tactics and taking advantage of these ways. If you do not know your credit rating, please read the following ways carefully.

1-Accuracy of Credit Reports?

As a result of the research conducted by the Federal Trade Commission in 2012, it has been concluded that every 5 credit card users have at least one error in one of their credit reports. Let’s not forget that credit scores are based on the results of credit reports. If there is an inconsistency in your credit report, let’s not forget that this will be reflected on your credit score. Because when you look at 3 reports, you can see if there is inconsistency. When you look at the 3 credit report, you can ask yourself the following questions.

1- Are all my personal information correct?
2- Are all my loans reported?
3- Are there any delayed or missed payments?
4- Do you have an account or credit you do not recognize?

You can easily answer these questions.

2-Development Requirements

In the previous article, some of the errors you receive in your credit reports do not decrease your score. For example ; Errors do not reduce your credit rating, such as your name in the credit reporting institution.

Issues to be noted;

1- Your ID has been stolen and your thief is abusing your credit
2- The collection of the pre-years collection account
3- Your ex lover does not pay an invoice
4- Mixing your credit information with the credit of a person with a similar name

 

3- Make a regular payment.

Even though it is simple, paying your credit debts regularly is an important factor for your credit rating to increase.

4- Start paying your debts for your credit products

Paying your housing or personal loans or credit card debts regularly will have a positive impact on your credit rating. There is no extraordinary increase in your credit rating. He’s looking for a special tactic or a way to do it. If you want your credit rating to increase quickly, you will have to pay regularly and reduce your debts, which will lead to a rapid rise.

5- Ignore Credit Usage Density

If you always use credit products, you should pay attention to the intensity of credit usage. Otherwise, the rate of 10% will affect your credit rating. The more you increase your indebtedness, the lower your credit score. The regular payment and the correct use will increase your credit rating.

 

In a previous article, we shared a list of “insurance companies  ” You want to read it?