![]() ![]() ![]() |
Credit Repair and Credit Restoration --
|
|||||||||||||||||||||||||||||
Tip 1 : |
ALWAYS know to whom you are giving your personal information |
|
Tip 2 : |
Pay ALL obligatory debts ON TIME as agreed |
|
Tip 3 : |
Minimize your debt to credit limit ratio!!!! |
|
|
Tip 4 : |
BUYER BEWARES!! Upon shopping for ANY loan, state to the broker/creditor that you will only authorize your credit be pulled ONCE! |
|
Tip 5 : |
NEVER close any account which reflects 2 years (or more) historical data. |
|
Tip 6 : |
As your accounts accrue “age” or “history” your FICO scores will consistently reflect that your score(s) have increased. |
|
Tip 7 : |
MONITOR YOUR CREDIT REPORT EVERY 30 DAYS |
|
Tip 8 : |
Becoming an authorized user on a seasoned account with good history will raise your FICO score(s) immediately. |
|
Tip 9 : |
Upon restoring your credit, it is advised that you inform your creditors that your account should be updated!!! |
When you see that your FICO scores are on the rise, your interest rates should be declining!!! Remember, this is something that you must request from each of your creditors.
It is unlikely that creditors will offer better interest rates to you automatically. They may be present the opportunity for a credit limit increase (at the same interest rate). Is this really a good deal for you? NO!
If you are offered a credit limit increase, accept such on your own terms!!!!
**A higher credit limit at a lower interest rate allows you as the consumer the ability to use your credit to your advantage!!!!!**
Remember: this is what you have been working for!
This is an excellent tool for real estate transactions! For more information Click Here