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5 Ways To Boost Credit Scores

Posted by : Premraj | Posted on : Thursday, March 31, 2011

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When you apply for credit, your credit score helps lenders decide and determine your credit worthiness. The most used credit scores are developed by Fair, Isaac and Company. These are known as FICO® scores. With a higher score you’ll be able to qualify for better interest rates, higher credit limits, and more types of credit than you would with a low score. There are a few tricks or quick fixes to getting a good credit score.

Here are 5 tips that can help you raise your score:

1) 35% of your scores are calculated by your payment history. Try to make them on time. Not doing so will decrease your scores.

2) Keep credit card balances low. High outstanding debt can pull down your score. 30% of your scores are calculated by the amounts you owe. If you do have high balances it can cause your credit scores to decrease. So you have two options, either pay the balances down or apply for new credit. To apply for an unsecured line of credit please visit http://www.epublishingusa.com.

3) Check your credit report for accuracy. 75% of credit reports contain errors. This can hurt your credit score.

4) Apply for credit. Applying this technique can help boost your scores drastically. If you would like further information on applying for credit, please check out some video tutorials that can help you at http://www.AttractiveCreditSecrets.com.

5) Do not run your credit unless it is extremely necessary.

This is a guest post from Juan at attractivecreditsecrets.blogspot.com.

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