Avoid Some Common Mistakes
Review your all credit reports from all possible credit bureaus for accuracy once a
year as well as several months before applying for a loan. Try to get your credit report from the three major bureaus: Experian, Trans Union and Equifax.
Pay bills on time
Your payment history makes a major percentage of your total credit score.
Paying your bills on time is the best way to get your credit score raised.
Try to reduce Credit Card Balance
Always try to reduce your credit card balance.
Keep the old account Active
Closing your old accounts can hamper your credit history and it makes you less credit worthy.
Bankruptcy will lower your credit score by 200 points or more and is very hard to come back to initial score.
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Getting a secured credit card will also help you in improving the credit score. You can use it to make purchases, and then make on-time payments on the card.
Another quick fix for the credit score is getting added as an authorized user on somebody else's account. That person's good score will add up to your's once the account gets added on to your credit report.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.