Steps To Secure And Maintain A Good Credit Score

 

 

Factors That Affect Your Credit Scores:  Your Payment History; The amount of Money that you owe; The number of credit inquiries on your credit report; The length of time you have had credit; The type of credit you have.

 

To Improve your credit rating takes time, and diligence.  It will not happen over night.  However, by following certain steps, progress will come:

 

Step 1- Keep your credit card balance under 30 percent of your credit limit.  (Keep control of this utilization rate.  Increase your credit limit if necessary).

 

Step 2- Have three revolving credit Lines.  (credit card lines)

 

Step 3- From time to time; verify the accuracy of your credit report.  (go to www.freecreditreport.com.  Report any inaccuracies.)

 

Step 4- Have at least one active or paid installment account on your credit report.  (To maximize your credit rating, strive to have a mortgage, three revolving credit cards, and one installment account.  Keep them all up to date, and control your utilization rate as explained in Step 1.)

 

Step 5- Remove errors from your credit report (Examine your credit report; take the appropriate action to remove any errors.)

 

Step 6- Before paying off a collection account, negotiate with the collection agency in order to receive a letter of deletion from your account.  (With this letter of deletion, you may be able to get the collection removed from your credit report.)

 

Step 7- Create a structured plan to protect, track and maintain your credit.  (Contactus for assistance in this effort.)

   

Step 8- Disregard any solicitations from credit card companies with pre-approval notices.  (If you accept these solicitations, the companies will make an inquiry on your credit report.  Your credit score will be affected.)

 

Step 9- Please note that Bankruptcies, Judgments, Slow Pays, Delinquent Student Loans all have an adverse effect upon your credit scores and ratings.

 

Step 10- Be Diligent.  It takes time and effort.  (If you follow the steps above, you will form a habit of doing the right things to maintain and keep a good credit rating.  Remember, in today’s business world, everything is credit score driven.)

 

To request further information, contact us at:

 

(301) 559-6000 / (800) 776-0204

Email:  pdevelop@diplomatrealty2000.com

 

 

Diplomat Realty 2000+ “Where Service Begins And Satisfaction Never Ends”