{"id":6134,"date":"2008-10-10T19:04:22","date_gmt":"2008-10-11T00:04:22","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/10\/10\/improve-credit-score-2-tips\/"},"modified":"2008-10-10T19:04:22","modified_gmt":"2008-10-11T00:04:22","slug":"improve-credit-score-2-tips","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=6134","title":{"rendered":"Improve Credit Score – 2 Tips"},"content":{"rendered":"
by Matt Douglas<\/div>\n

An effective method to improve your credit<\/a> score is to have an open unsecured mastercard or visa. This card should carry a monthly balance of about 10% of your credit limit.<\/p>\n

In other words if your limit is $1,000 then try to keep the balance around $100. This shows the credit bureaus two things:<\/p>\n

1. Your credit is being used.<\/p>\n

2. You have a good ratio of available credit to debt.<\/p>\n

In other words you have available credit at your disposal. The credit bureaus weight this factor heavily when they calculate your score.<\/p>\n

By showing you have credit that is not being used; your score will get a bump. This method is most effective with a revolving line of unsecured credit.<\/p>\n

Another tip is if your credit is low and you have a friend or relative with a good credit score. Then ask this friend or relative to add you as an authorized user to their credit card account.<\/p>\n

This is commonly referred to as piggyback credit. There have been recent reports that the credit bureaus are no longer going to give any credit score benefits to an authorized user. <\/p>\n

However the credit bureaus are such large bureaucracies that this new policy will not take effect immediately. It is estimated that authorized user’s credit score will still get a bump for the next 6-8 years.<\/p>\n

Make sure to use good judgment when choosing a friend or relative. The account will show both positive and any negative information that can be reported. So if the account became delinquent it could hurt your score.<\/p>\n

It is very easy to be added as an authorized user. The account holder calls the credit card issuer and says they want to add you as an authorized user. It can all be done over the phone.<\/p>\n

You then will have a copy of the credit card with your name on it mailed to your house. I recommend returning the credit card to the account holder.<\/p>\n

Then all the specifics about the account; payments, balance, limit will be reported on your credit too. This is a great way to show the bureaus that you have made on time payments and have available credit.<\/p>\n

It is in the works to discount this method as a way to build credit. However right now it works and it’s very cheap and easy.<\/p>\n

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About the Author:<\/div>\n
To learn more about credit repair<\/a> or lexington law<\/a> a professional credit repair service visit us.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

An effective method to improve your credit score is to have an open unsecured mastercard or visa. This card should carry a monthly balance of about 10% of your credit limit.<\/p>\n","protected":false},"author":1157,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[86],"class_list":["post-6134","post","type-post","status-publish","format-standard","hentry","category-management","tag-management"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1157"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6134"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6134\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}