Reduce the number of credit cards that you have. The more credit cards you have, the lower credit score financing institutions give you and, consequently, you are charged higher interest charges & placed under more stringent conditions.
When you finally decide to improve your credit score and cut down on the number of your credit cards, it is not enough to cut up the credit cards you want to discontinue. If you want to benefit fully from the exercise of cutting down on the number of your credit cards, you need to send a letter to the credit …read more

You have to find out where you are: your credit score (is it lower than 600?) and credit risk rating (is it higher than R or I 5?). The commonly used credit bureaus which supply credit information to financial institutions and from which you can get a credit rating report are TransUnion, Experian, and Equifax.
Just like an annual PSA / DRE is advised for men and MRI or mammography for women (and just as important to prevent an unhealthy personal financial condition), it is strongly advised that you obtain (for a small fee) a credit rating report at …read more

First, find out your credit score and credit risk rating by obtaining a credit rating report from TransUnion (www.transunion.com), Experian (www.experian.com), or Equifax (www.equifax.com). Ascertain whether all the entries are correct and fair.

The most common causes of a low credit score (600 and below) or a high credit risk rating (R5 or higher) are:
a short credit history: 2 or 3 late payments do not look as bad in a 5-year record as in a 2-year record
total loan payments are more than 40% of your personal disposable income
a record of bankruptcy (records are kept for 10 years)
frequent late payments: an …read more

First, you have to find out where you are: your credit score (is it lower than 600?) and credit risk rating (is it higher than R or I 5?). The commonly used credit bureaus which supply credit information to financial institutions and from which you can get a credit rating report are TransUnion, Experian, and Equifax.

Just like an annual PSA / DRE is advised for men and MRI or mammography for women (and just as important to prevent an unhealthy personal financial condition), it is strongly advised that you obtain (for a small fee) a credit rating report …read more