Credit Score Tips

Published on February 27th, 2019

Credit scores – they’re something we all worry about. A great credit score doesn’t just happen, it takes time to build and, in some cases, time to repair. Your credit score is important. It can determine whether or not you get an apartment, house, phone, cash loans, or car. In fact, high credit scores result in lower interest rates on cash loans, which can save you thousands of dollars on car loans and mortgages.

It’s easier to improve your credit score once you work on your financial health. The team at Short Term Loans have a few suggestions to get your finances and credit score back on track.

Check Out Your Credit Report

All of us are permitted to a free copy of our credit reports from each of the national credit bureaus once a year. We recommend reviewing your credit report to see if there is something damaging your credit score. This may include misreported debt, inaccurate delinquencies, or other issues. If you find a mistake, contact the credit bureaus and the creditor and provide them all supporting documents.

Exceed the Minimum

Instead of just paying the monthly minimum on your bills, try to pay off your credit cards and other high-interest debt as quickly as possible. Come up with a realistic plan and follow through with it in order to pay off your debt.

Unfortunately, your credit score isn’t going anywhere, and there aren’t do-overs. It’s well worth the time to take substantial measures to improve it.

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