Attention Las Vegas consumers, here are 5 tips to improve your credit score today, from your local credit repair company: Debt Consolidations Deals. Your credit score is one of the most important numbers in your life. Unlike your birthday or social security number, it can change. For many people, this is a good thing. Many people don’t think about how their mounting credit card bills or student loans will affect them down the road when they want to get a loan for a house or a car, leading to many people having less than desirable credit scores later in life.
Luckily, it’s never too late to improve your credit score. Repairing it will take some hard work, patience, and commitment, but anyone can do it. Here are five tips for anyone looking to improve their credit score.
1. Keep Your Balances Low – It’s okay to have credit card debt. The key is making sure that it isn’t too big of a percentage compared to your credit limit. A good number to shoot for is about 30%. For example, if you have a credit card with an available limit of $2000, try to keep your balance at or below $700.
2. Pay Your Bills on Time – Another factor, besides your available credit, that affects your credit score is whether or not you pay your bills on time. This can even include your monthly utility bills. Getting reported to a collection agency is a great way to see your credit score plummet, so do whatever you can to pay all of your bills on time each month.
3. Request a Copy of Your Report – You are entitled to one free report of each of your three credit scores each year. Make sure you take advantage of this. It’s amazing how many people have bad information on their credit report that shouldn’t be there, leading to a lower score than they are entitled to. Check each report once a year to make sure everything on your credit report is correct.
4. Don’t Close Accounts – If you have paid off an account, leave it open. This will increase the gap between your available credit and the amount you have used. Many people make the mistake of closing each account they have paid off, leading to them hurting their credit score despite their good payment habits.
5. Talk to a Pro – If you feel like your credit score is in trouble, talk to a credit advisor. They can give you the advice you need to improve your credit and even help you with your monthly budget.
There is no better time to start than right now when it comes to improving your credit score. Your future self with thank you when they are trying to get a home or car loan. It will take some patience and focus, but you will see some noticeable increases if you just pay your bills on time and only use credit when you absolutely have to.