menu

5 Ways To Protect A Good Credit Score



video
Credit has been tough to obtain these days, especially with a moribund real estate industry, and a lingering recession thatís continuing to do a lot of damage to investor and consumer confidence. Whether you want to buy a new home or car, or wish to avail of a personal or student loan, it pays to have a good credit score. A good credit score enables you to establish credit-worthiness, and allows you to get easy access to loans and other forms of financing, at lower interest rates. Here are five good ways for protecting a good credit score.

Maintain A Low Credit Card Balance

According to the Fair Isaac Corporation or FICO credit scoring system, having a low credit balance as compared to the amount of credit youíre authorized, helps to make you a good credit risk. For instance, if you had a $60,000 credit limit on your credit card, and youíve only so far used $6,000, or 10% of the credit limit, your balance must never go up to as much as 30 percent of your cardís credit limit. Always make sure that you maintain a balanced proportion of used credit to available credit. The higher you credit balance goes, the more damage it will do to your credit score.

Pay All Your Bills On Time

According to credit experts, an estimated 35% of your credit score is based on payment history. By consistently paying your bills on time, whether they are credit cards or utility bills, insurance premiums, parking tickets and even library fines, your credit score will be further enhanced. Late bill or loan payments generally cut as much as 100 points from your credit score, which reduces your chances of availing loans and other forms of credit.

Do Not Co-Sign A Loan

Co-signing for loans perhaps may be one of the dumbest moves you can ever make. If ever youíre lured or tempted into helping a family member or friend get a loan, your act of kindness may actually do a lot of damage to your credit score. Because you agreed to co-sign, if the other person is late in making payments, your credit report will get a major blow in credibility. Co-signing also means that the individual you were co-sign for was not able to get the loan without your signature. Always be wary of co-signing a loan, especially if you cannot guarantee that the person will be able to pay his or her payments on time.

Continually Keep Your Accounts Active

Most creditors and lending agencies would rather prefer to see a verifiable credit history on their clients. If you wish to pay all your outstanding balances, and close all your accounts, your creditors wonít be able to determine if youíre in good financial standing, or if youíre paying your balances on time. However, donít get used to transferring your balances from one credit card to another, because this will only do nothing but slash off more points from your credit score.


By your GoodBuddy Richard La Compte
You may contact me through my Help Desk

Comments

fake gucci belt @ http://teplomurom.ru/
By teplomurom - Homepage
30th October 2017 - 11:23am

fake gucci belt @ http://teplomurom.ru/
By teplomurom - Homepage
30th October 2017 - 11:23am

It has been quiet in recent years. From elementary school to middle school, the most difficult balance is
By dfgerer - Homepage
4th February 2018 - 3:41am


Hello, I recently visited your website and wanted to comment on how nice it looks.

We work with businesses like yours to create a unique marketing / promotional video that tells the story of your business, proven to quickly attract new visitors and customers to your site.

The short video below shows exactly what this custom-made video can do for your company:

http://www.video1us.com/?wemail=credit101.xyz

Visit today and we’ll send you a Free 2 page marketing report for your website.

If you do take time to view it, I’d love to hear your thoughts.

Thank you.

Susan Miller
Client Support Manager
Your Video
860 First ave.
King of Prussia PA, 19406








If you received this commercial message by mistake, I apologize. To prevent any future correspondence please visit: http://optout-site.com?site=credit101.xyz
your website - By Susan Miller - Homepage
6th April 2018 - 2:40pm

Have you seen the single biggest breakthrough in the history of Internet marketing yet?

Just WOW - http://businessmarketinginsider.com/april/2018/breakthrough/

I thought this would help you out too.

Mary


























If you received this commercial message by mistake, my apologies. To prevent any future messages please visit: http://businessprivacy.org/index.php/opt-out-kart/?site=credit101.xyz

617 Hampshire Rd, #346
Westlake Village, CA 91361
Biggest Business Breakthrough In 2018? - By Mary Elizabeth - Homepage
8th April 2018 - 8:34am

Did you know Cinco de Mayo is around the corner?

Don't be the only one not ready!

http://funfantasticgoods.com/cinco-de-mayo/?=credit101.xyz

Emily





























617 Hampshire Rd, #346
Westlake Village, CA 91361

If you received this commercial message by mistake, my apologies. To prevent any future correspondence please visit: http://funfantasticgoods.com/index.php/holiday-opt-out/?site=credit101.xyz
Cinco de Mayo - By Emily Hays - Homepage
17th April 2018 - 4:59pm

I stumbled on this video and didn't know if it would be helpful for credit101.xyz?

http://businessleadshacker.com/04-13-2018/more-leads/

Karen D


























617 Hampshire Rd, #346 Westlake Village, CA 91361

If you received this commercial message by mistake, my apologies. To prevent any future messages please visit: http://businessleadshacker.com/index.php/opt-out-kart/?site=credit101.xyz

Does this help? - By Karen Davis - Homepage
22nd April 2018 - 7:46am

Want to know what I think about your blog ....interesting - The Electrician
The Electrician - By The Electrician - Homepage
23rd April 2018 - 10:46am

*Name:
*Email:
Website URL:
Title / Subject:
Hide my email
*Comments:
*
 



Menu


My Articles





loading...




   Related Sites

My Articles


5 Ways To Repair Your Credit Card Debt
... drafting this type of budget can be quite hard, once ...

5 Ways To Keep Your Credit Afloat During A Crisis
... total revolving debt ratio to just 30% below your credit ...

No Credit History? How To Gain Your Credit Score
... bureaus. Credit experts however frown on going to sites ...

5 Ways To Rebuild Your Credit Score After Being Bankrupt
... rebuilding your credit score. Once you've gotten approval, ...



Related Products:

Related News:

 
This RSS feed URL is deprecated
Tue, 24 Apr 2018 06:58:32 GMT
    This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Credit scores could jump 30 points this month - CNBC.com - CNBC
Thu, 19 Apr 2018 12:21:51 GMT
    

CNBC

Credit scores could jump 30 points this month - CNBC.com
CNBC
Starting this week, some consumers may have a higher credit score. Because of improved standards for utilizing new and existing public records, the three major credit reporting companies are now excluding all tax liens from credit reports. That means ...

and more »


Four Tips to Increase Your Credit Score From a Credit Expert - Black Enterprise
Sat, 21 Apr 2018 20:01:06 GMT
    

Black Enterprise

Four Tips to Increase Your Credit Score From a Credit Expert
Black Enterprise
Credit is nothing to play with. It can work in your favor or completely work against you. Black Enterprise caught up with founder Christia'n Annice of eMillions+, a credit repair agency, who gave us four tips on how to increase your credit score ...

and more »