Tips For Getting A Perfect Credit Score
It comes to getting an excellent credit you should, therefore, reach a 760 score. In order for you to be able to attend a maximum credit school, it is required for you to use your credit. Although it is usually not helpful for many people because in order to have a good score one needs to use their credit. Some things that you end up doing will not eventually destroy your chances of getting that mortgage that you would want. Keep in mind that you should work in aiming for 760 or above you can be certain that you would qualify for virtually any loan product that you would want. Below are some points that will guide you in order to get a perfect credit score.
It is important for you to ensure that you make payments on time every time that you are needed to do so. If you want to show you what next then you should focus on doing that. If you choose to use credit keep in mind that it is usually not a bad thing unless you use an exaggerated amount and you will not be able to pay off on time as it is very bad. Always make sure that you set a reminder as it stands to help when it comes to setting this company an automatic payment with your bank. It is advisable for someone to ensure that they do what they need to do in order to always remember to pay on time. You can be able to attend a perfect credit score if you have a 100% onetime payment record. If you end up messing payment sometimes it usually has less impact on your credit score as his time passes. You can only start where you are at and keep making this payments on time.
Keep in mind that when it comes to credit reporting agencies, they are known to look at the total available credit that you have as compared to the credit you are using. If you use your credit a lot of times, it is usually a bad thing since you are maxing out what is available for you. However this usually does not mean that you cannot use your credit. It is advisable for you to ensure that you try to keep the ratio under 30%. If you realize that between all your credit cards and credit lines you have 20000 of available credit you should aim at trying to keep your average usage at around 6000 or less. If you are thinking of closing all your old accounts that you do not use, it usually isn’t necessarily a good idea.