You need to understand credit score for free and how it would help you for your future financial transactions. You can get your credit score for free from online websites. Credit score is the basis on which you would be either allowed or denied for a loan. Hence you need to be very careful about it. There is an imperative need to keep a watchful eye on it. There are government institutions which offer ONE credit report for free in a year. You can think of seeking your credit score from an online website. Here are TOP TEN tips to help you with good credit score for free: 1) PAST AND PRESENT CREDIT: You might have innumerable accounts since you might have good earnings. But over a period of time you would be contemplating to shut some of them. Now, many people are of the habit of shutting their account without clearing the past credit. This might affect your CURRENT credit score or worsen your credit limit if it is in bad shape. One basic suggestion is to shut all the accounts which lie unused for a long period of time. Also when you shut them clear all your debts in it. 2) PAYMENTS: Whatever would be your condition or how much ever busy you are, try and not to miss your payments. Try your best to pay all your bills on time. Do not be late in making your monthly payments. Try to organize all your monthly payments and manage them efficiently. You would know whether you would get late in your payment or not and in doubt try to make an early payment of it. In case you are falling short for finances you can request for either direct debts or even standing orders. Even a late payment of electric bill would lead in bad credit score. So take good care of your PAYMENTS! 3) ACCOUNTS: Do not open too many new accounts at one time. Try to maintain all your accounts well. Keep yourself updated with monthly changes in each of your account. Having too many bank accounts would not affect but having too many credit cards might turn negative for you. Hence keep all your accounts with good flow and avoid more than SIX credit cards. You can think of having a spread of different account types like CURRENT, OVERDRAFT etc. If you carefully observe the above mentioned pointers you will be able to maintain good credit score for free. Anyone who manages to follow them would be ensured a healthy credit score. Such person would be eligible for a quick loan sanction. Get your free credit score and credit report with CreditFriend.com. Apply for credit cards, find loans and maintain your credit on track with CreditFriend.com
Related Articles -
Free credit score, credit score,
|