{"id":8331,"date":"2008-12-05T19:57:01","date_gmt":"2008-12-06T01:57:01","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/12\/05\/how-to-improve-credit-score\/"},"modified":"2008-12-05T19:57:01","modified_gmt":"2008-12-06T01:57:01","slug":"how-to-improve-credit-score","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=8331","title":{"rendered":"How To Improve Credit Score"},"content":{"rendered":"
by John Cooper<\/div>\n

To improve your credit<\/a> score can seem like an impossible task. The scoring model seems to factor in tons of information and makes it seem as if you have no control over your score.<\/p>\n

This is incorrect. If you take a few steps you can positively influence your credit score.<\/p>\n

1. Remove bad credit items on your report. You must dispute the credit bureaus directly with either a dispute letter or by hiring a service to dispute them on your behalf.<\/p>\n

2. If you have a bad credit item verified or delinquent account then pay them. Work out a payment plan and have them remove the negative credit item in exchange for your payment.<\/p>\n

3. Pay your bills on time. It is alleged that missing one monthly payment can cause your score to drop by up to 50 points.<\/p>\n

4. Open a new line of credit. You will get the most benefit if this is a revolving line of credit. We recommend an unsecured credit card.<\/p>\n

By paying your monthly bill you will develop a positive payment history. This is a heavily weighted factor when your score is being calculated. If your score is currently to low to get an unsecured credit card then open a secured card just make sure it reports to all three bureaus.<\/p>\n

Your score will get a bump if you can keep your balance at approximately 10% of your credit limit. This shows that you do use your credit and that you use it responsibly.<\/p>\n

5. Pay down you large debts. This will help your ratio of available credit to debt. The bureaus want to see that you are not in over your head and the best way to show this to them is by having available credit.<\/p>\n

These five factors are the only things you need to concern yourself with when trying to improve your credit score. There is one last factor however it is shadowed in controversy.<\/p>\n

6. Piggyback credit, this is when you are added as an authorized user to a good credit card account. The benefit is this account is now reported on your credit report.<\/p>\n

This tactic has been widely abused and the scoring model has adjusted its formula to discount authorized users. However there is a debate over if this change has occurred yet or not.<\/p>\n

In sum by doing step one through five you will improve your score dramatically. With an improved credit score you will finally be able to have the quality of life you truly deserve.<\/p>\n

\n
About the Author:<\/div>\n
To learn more about credit repair<\/a> or to get a free credit repair letter<\/a> visit us.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

To improve your credit score can seem like an impossible task. The scoring model seems to factor in tons of information and makes it seem as if you have no control over your score.<\/p>\n","protected":false},"author":2949,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[77],"class_list":["post-8331","post","type-post","status-publish","format-standard","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8331","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\/2949"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8331"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8331\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}