Here are some simple steps you can start implementing today to improve your credit score. By making these a habit you can go from having bad credit to good! More details: http://www.badcreditresources.com/easy-steps-to-improve-credit-score Connect with us: Like us: https://www.facebook.com/BadCreditResources Follow us: https://twitter.com/BadCreditExpert G+: https://plus.google.com/u/1/b/117978576535187359303/+Badcreditresources/posts

1. Easy Steps You Can
Implement Today To
Improve Your
Credit Score
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2.  A credit score is a three digit number calculated from your credit
report and helps lenders determine your approval and interest rate
for mortgages, loans, or credit cards.
 A FICO credit score, the kind most often used by lenders, ranges
from 300 to 850. You’ll need 760 or more for the best mortgage
rates and 720 to get best deal on auto loans.
What is Credit
Score?

3. How do you get to the score you
want?
 Lenders can customize what goes into a FICO score, they
are typically determined as follows:
o Payment History (35%): Have you paid past credit accounts on time?
o Amounts Owed (30%): How much do you owe on your accounts?
o Length of Credit History (15%): How long have you had your credit accounts?
How often do you use them?
o Types of Credit in Use (10%): What is your mix of credit cards, retail accounts,
installment loans, finance company accounts, and mortgage loans?
o New Credit (10%): Have you opened several credit accounts in a short period of
time?
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How to raise it effectively?
1. Getting Started
 You need to check first your payment history found in your credit
report.
 Check for incorrectly recorded late payments or incorrect amounts.
 You can dispute these with the credit bureau to remove them from
your credit report.
 You can even negotiate with creditors to remove missed payments.

5. www.badcreditresources.com
2. Tackle the 30%
 How much do you owe and how can you get rid of that amount? It
may help to set up reminders on your phone or through your bank.
 Part of this factor is how much revolving credit you have versus the
amount of credit you’re using.
 Experts recommend keeping your credit utilization ratio to 30% or
less.

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3. Reduce Your Debt
Stop using credit cards and formulate a plan.
Come up with a payment plan that focuses on removing
those debts first, while maintaining minimum payments
on your other accounts.
If you can, try to eliminate nuisance balances at the same
time.

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4. Bad Debt vs Good Debt
Well-handled debt can raise your score, too. Don’t worry
if debt shows on your accounts, as long as you’ve kept up
with payments.
FICO scores account for the length of your credit history,
a long record of on-time payments shows reliability and
therefore boosts your score.

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5. Maintenance
Getting and keeping the score you want isn’t easy.
It takes financial planning, discipline, and
responsibility that can be difficult to maintain.
It may even take months for you to begin seeing
results.
With consistency and a positive mindset, you’re
sure to see your score rise to the top.

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Easy Steps You Can Implement
Today To Improve Your Credit
Score
http://www.badcreditresources.com/easy-steps-to-improve-credit-score