AcharyaCenter.com - Browse eBooks, Audios and Videos

10 Tips To Improve Your Credit Score

0 like 0 dislike
176 views
posted in Finance by Celestiger

plastic-card-1647376__340.jpg

These days most of us avail loans to buy a house, set up a business, or buy a car. Many students take loans to further their education. How soon the loan is sanctioned, the rate of interest, and the amount sanctioned will all depend on your credit score which is based on your credit report. People with scores of 700 and more are the beneficiaries of lower interest rates and quick sanctions. Imagine if your score is greater than 700 and another person has a score of 698 then the person with score 698 will have to pay interest that is higher by one-half percentage point. And, this means over a year a person with a lower score will pay USD 19,000 and more as interest on a loan of say USD 165,000.

A credit score takes into consideration: payment history, current earnings, current debt, length of credit history, types of credit utilized, and your new credit. If two or more members of your family are earning then apply for a loan jointly.

You can take a few simple steps and ensure that your credit score is higher than 700.

• Maintain a long healthy credit history. Keep alive your oldest credit card and be sure to pay all bills in time. Never keep bills pending over a 30 day period. If in a crunch at least pay the minimum charges due. 

• Do not have too many credit cards. Learn to say “NO,” to offers of free credit cards. And, maintain a good credit limit. Avoid using all the available credit on the cards.

• Ensure that the credit report you have is accurate and that there are no errors clerical or otherwise.

• Plan your finance such that it is healthy. Consider debt consolidation.

• Never suddenly close or open accounts. This leads to suspicion that you are trying to manipulate your credit report.

• If you are having problems speak to your creditors well in advance and work out a stage wise repayment. Request the creditor to refrain from reporting the late payment.

• Late or delayed payments drive your score down so always pay bills dead on time. Keep a tab on due dates and ensure that all bills are paid.

Learn all you can about credit reports and scores and keep the criteria in mind while managing your finances. Maintain the debt-to-credit limit ratio and, if need be take the help of a finance planner.  

Even if advised refrain from filing for bankruptcy. All you need to do is to sit down and curtail expenses, plan you income-expenditure , and avoid spending what you have not earned.

Please log in or register to reply to this post.

Related posts

0 like 0 dislike
0 comments 262 views
5 Easy and Quick Ways to Improve your Credit Score

Your Credit Score is one of your biggest financial assets. If your credit score is high, your borrowing rates will be low and ... help inform you of ways to increase your credit score when needed.

image
posted in Finance by DreamBaby
0 like 0 dislike
0 comments 204 views
5 Ways To Instantly Increase Your Credit Card Limit

A lot of credit card holders aspire for a higher credit card limit. But: credit card holders need to remember that to get a ... will determine whether you'll get a higher credit card limit or not.

image
posted in Finance by ShowDolphin
0 like 0 dislike
0 comments 276 views
3 Ways To Get Approved For A Business Credit Card

If you run your own business--whether it's a retail store, direct sales, hobby shop or freelance consulting--chances are you ... Internet search or check the websites of major credit card companies.

image
posted in Finance by Tomatoad
0 like 0 dislike
0 comments 143 views
Credit Card Savings

Having a credit card is very convenient since carrying a lot of cash becomes unneccesary and you might even have a hard time leaving ... and the like should be at the bottom of your considerations.

posted in Finance by Tabooccaneer
0 like 0 dislike
0 comments 1,572 views
5 Things You Should Know About 0 APR Credit Card Offers

If you have received one of these offers in the mail, you know how tempting they can be. They claim that you will pay no interest ... , but it will not remove the damage already done to your credit.

posted in Finance by PositiveVoid
0 like 0 dislike
0 comments 547 views
7 Tips To Help Reduce Your Debt

As debt continues to increase in many households across America, more families each year are finding themselves looking for ways to reduce ... how to better manage your money, and stick to a budget.

image
posted in Finance by GiftedWrecker
0 like 0 dislike
0 comments 179 views
7 Options To Consider When Taking Out A New Credit Card

How many times have you taken out a credit card based purely on its current interest rate or balance transfer option? You may be ... lowest interest rate as it may cost more in the longer term.

image
posted in Finance by BunBunny
0 like 0 dislike
0 comments 1,463 views
3 Things To Look For In A Credit Repair Company Online

If it's been a while since you've looked at your credit report, you may be surprised to find errors, mistakes, or even a ... against the company, so you can avoid scammers and rip-off artists.

image
posted in Finance by Monkeyno
0 like 0 dislike
0 comments 227 views
A smart way to manage credit cards

Credit cards are a great way to help you to control your finances. It's true that occasionally we may make poor decisions with our ... a fixed amount due every month will help you plan your budget.

image
posted in Finance by MagicalCyborg
0 like 0 dislike
0 comments 445 views
A Credit Repair Agency – What Can It Do For You?

A credit repair agency advertises that it can help you repair bad credit so that you will qualify for that loan you need to buy ... Do you really need a commercial credit repair agency? Probably not.

posted in Finance by FrighteningTwinkles
0 like 0 dislike
0 comments 215 views
Accepting Credit Cards Over the Phone

There has been a huge growth in the number of cold calls, and unsolicited offers that people receive on their home and business ... address carefully and make sure that it all appears above board.

posted in Finance by ForceSoldier
0 like 0 dislike
0 comments 488 views
TAKE CHARGE OF YOUR FINANCES: TIPS ON BUDGETING

With prices of commodities increasing day by day it is proper to make your very own strategic plan on maximizing your financial ... to disregard this recommendation and go ahead with your practice.

posted in Finance by PlaySeal
0 like 0 dislike
0 comments 55 views
Gas Saving Tips

The price of gasoline is on the rise. This is truly a great concern if you are following a tight budget. So how can ... therefore using it wisely is very important to conserve this valuable commodity.

posted in Finance by Mosquiche
0 like 0 dislike
0 comments 239 views
We are Family: Budget Tips for Today’s Familial Ties

If you are in charge of creating the family budget, chances are, you've had the unfortunate experience of having a brilliant budget plan ... save a lot on time and even on gasoline and car expenses.

posted in Finance by MagicalCyborg
0 like 0 dislike
0 comments 533 views
Secrets of keeping to the family budget

The high cost of living in today's society, wherever you may be, has made budgeting a priority among families. In today's inflationary ... will realize that it is not really a necessity but a whim.

posted in Finance by HairyMagpie
0 like 0 dislike
0 comments 453 views
How to Avoid Dumb Investment Mistakes

Smart people sometimes make dumb mistakes when it comes to investing. Part of the reason for this, I guess, is that most people don' ... a spreadsheet program (like Microsoft Excel or Lotus 1-2-3).

image
posted in Finance by Falconjurer
0 like 0 dislike
0 comments 980 views
How to Save Money--And the Earth?

You just can't get that memo right, can you? You print out the first draft and find a misspelling. You print out the ... for every empty inkjet or toner cartridge you recycle in their stores.

image
posted in Finance by Knighttime
0 like 0 dislike
0 comments 165 views
Credit Card Management Philosophy - eBook

Save Thousands Of Dollars And Manage Your Money Better With These Credit Card Tricks. Are you curious what the most common ... their boss, economic system or anyone or anything beside themselves.

posted in Money by List
0 like 0 dislike
1 Comment 259 views
How to improve my credit ratings?

How to improve my credit ratings?

posted in Finance by Titank
0 like 0 dislike
0 comments 176 views
No Fret Family Budget

For some, the idea of a budget is often a blur. It is frustrating to see how hard it is to do a budget and realizing ... savings that leads to a bright and financially stable future for your family.

posted in Finance by vachikgrat
0 like 0 dislike
0 comments 360 views
how-moms-save-money-for-their-family-budget

Budgeting is truly the turf of most mothers. Aside from the traditional role imposed on mothers as the one who budgets the family ... has no time for checking out tempting stuff at the shopping mall.

posted in Finance by ForceSoldier
0 like 0 dislike
0 comments 206 views
Budgeting For Emergency Funds?

Emergency funds are considered to be a necessity as far as financial security is concerned, since it can provide one with financial resources ... put in funds for emergency use. It's your choice.

posted in Finance by Knighthawk
0 like 0 dislike
0 comments 230 views
Tips To Apply For A Credit Card

Filling out a credit card application is just like filling out a job application-everyone needs some tips to use so that they get approved. ... sure, then don't get a credit card until you are ready.

image
posted in Finance by Oystrich
0 like 0 dislike
0 comments 251 views
5 Things You Should Know Before Submitting Instant Approval Card Applications

At the rate how mailboxes are bombarded with credit card offers, it's probably amazing for anyone not to have considered these cards ... be safe than sorry, especially when it comes to credit cards.

image
posted in Finance by HuggingDuck
0 like 0 dislike
0 comments 1,487 views
Estimating the Cost of Your Cruise Ship Vacation

When it comes to planning a vacation, many families are concerned with the cost. Whether you consider yourself to be middle class, ... number of ways to estimate the total cost of your vacation.

image
posted in Travel by GreedyPig
0 like 0 dislike
0 comments 1,416 views
How to Get the Lowest Airfare Possible

Everyone knows that air travel can be expensive and we are all looking for ways to get it a little cheaper. With all of the ... best possible packages to make sure that you get only the lowest fares.

image
posted in Travel by Mosquiche
0 like 0 dislike
0 comments 274 views
How to Save Money On Organic Food?

Grow your own The cheapest method has got to be to grow your own. The great thing is that it doesn't require you to ... whilst you and your family sample the delights and advantages of organic food.

image
posted in Food by PerfumedNecromancer
0 like 0 dislike
0 comments 211 views
10 Quick Tips To Save Money

Money, according to a classical definition, is what money does. And truth, as they say, is like a rubber band. Stretch it and it ... money saved is money earned. Just keep it in mind and stay happy.

image
posted in Finance by Oystrich
0 like 0 dislike
0 comments 53 views
Getting A Higher Limit On Your Credit Card

Nearly everyone who has a credit card always has the goal of a higher line of credit. A higher credit card limit will enable you ... you'll get a higher line of credit than you ever thought possible.

posted in Finance by HairyFoal
0 like 0 dislike
0 comments 77 views
Consolidate Your Credit Card Debt

Consolidating your credit card debt is actually one of the smartest decision you could ever make. Credit card consolidation is ideal for ... a favor and wait until you find the best deal possible.

posted in Finance by AfternoonFay
0 like 0 dislike
0 comments 52 views
Choosing Your Credit Card

As you probably already know, there are many credit cards out there. The one you choose however, should reflect your lifestyle and your ideal ... even bigger things - such as a car or even a house.

posted in Finance by PerfumedNecromancer
0 like 0 dislike
0 comments 70 views
How To Avoid Late Credit Card Fees

Although it may be overstated, there is a lot of truth to people ruining their credit score due to missing payments and paying ... card issuer immediately and see if you can work something out.

posted in Finance by FoolishJaguar
0 like 0 dislike
0 comments 235 views
A Guide To Credit Card Debt

When talking about credit card debt, the effects of debt depend upon such factors as the sources of loan funds, the purpose for ... loans, this will tend to encourage the purchase of their securities.

image
posted in Finance by UncleRhino
0 like 0 dislike
1 Comment 328 views
How To Avoid Credit And Charge Card Fraud?

How To Avoid Credit And Charge Card Fraud?

image
posted in Finance by BeautifulWolf
0 like 0 dislike
0 comments 73 views
Budget And Organization Plans For The Recession - eBook

Survive And Thrive Even If Times Are Bad. Nowadays there are really few individuals who take the time to produce a budget. A few ... best tools to help an person achieve this behavior is a budget.

posted in Money by List
0 like 0 dislike
0 comments 187 views
Discount Cruise Ship Vacations: Do They Exist?

In today's society, we live for deals, discounts, and other savings. If given the opportunity to save money, just about everyone ... full price for a reservation that can be obtained for a discount?

image
posted in Travel by LoyalChief
0 like 0 dislike
0 comments 156 views
Cruise Ship Vacations on a Budget

Millions of individuals and families wish to take a vacation; however, many are financially unable to. If a vacation does occur, ... but together they can save you more money than you ever imagined.

image
posted in Travel by Butcherry
0 like 0 dislike
0 comments 238 views
10 Steps To Save Your Retirement

Many of the brightest and hardest-working marketing and advertising people in the country are obsessed with getting you to spend money ... t be spending your Golden Years working at the Golden Arches.

image
posted in Finance by HairyMagpie
0 like 0 dislike
0 comments 296 views
Can You Really Improve Your Chances Of Winning The Lottery?

The Lottery is a game of chance, with the odds stacked against you horrendously. In the UK National Lottery for example the ... reduce those odds by working with others in a lottery syndicate.

posted in Finance by PerfumedNecromancer
0 like 0 dislike
0 comments 53 views
Vacation And Credit Cards

Each and every year, many of us go on vacations. Vacations are a great way to relax, and get away from the everyday pressure ... website - you'll normally receive a response in a matter of minutes.

posted in Finance by Cybora
0 like 0 dislike
0 comments 77 views
The Cost Of Credit Cards

Although some choose to rush into getting a credit card, they normally do so without being aware of the costs. A lot of credit cards ... of the costs - and how to prevent them from happening to you.

posted in Finance by Prepatriarch
0 like 0 dislike
0 comments 48 views
The Air Mile Credit Card

Air mile credit cards give you points or miles with every purchase you make, which you can redeem for traveling related expenses. In ... to make your decision when you finally decide to get the card.

posted in Finance by Knightmare
0 like 0 dislike
0 comments 83 views
Student Credit Cards

In today's world, having a credit card is a luxury. Credit cards are a great convenience, meaning that you don't need to ... establish credit - which will take them farther wherever they go in life.

posted in Finance by VirtualAssassin
0 like 0 dislike
0 comments 77 views
Small Business Credit Cards

In today's economy, small businesses play an important role. These days, it is easier than it ever has been to start a new ... it, your small business credit cards will more than pay for themselves.

posted in Finance by TwinNut
0 like 0 dislike
0 comments 52 views
Credit Cards With Cash Rebate

Credit cards with cash rebate incentives give you cash rewards each and every time you make a purchase with your credit card. ... will be getting cash back for just about anything you purchase.

posted in Finance by HuggingDuck
0 like 0 dislike
0 comments 93 views
Credit Cards For High School Students

Students in high school that are looking to start building their credit early can get high school student credit cards. These credits ... all options available to you and compare what you find out.

posted in Finance by Madept
0 like 0 dislike
0 comments 81 views
Credit Cards And Credit Reports

Over the years, credit cards have become very popular. When they were first introduced, they were popular, although these days millions ... - you'll enjoy the benefit of a positive credit report.

posted in Finance by Camella
0 like 0 dislike
0 comments 79 views
Credit Card Reward Cards

No matter where you look, there is always a credit card company that is offering reward programs with their credit cards. New ... fine print and compare what each unique company has to offer you.

posted in Finance by Hawkward
0 like 0 dislike
0 comments 47 views
Credit Card Fraud

This day and age, credit card fraud is very common. Victims of credit card fraud often experience a lot of hassle and stress. ... the necessary steps in stopping fraud before it goes on any farther.

posted in Finance by Titank
0 like 0 dislike
0 comments 50 views
Credit Card Debt

In the world of credit cards, credit debt is all too common. Debt from credit cards can be very stressful, and lead to a very ... never miss a payment - you'll always live a debt free lifestyle.

posted in Finance by FlamboyantChomper

Share Tips and Guides

Add text, links, images, videos and documents

Submit Post

Connect with us:
...