Credit Repair tips to improve your credit score ? Management ...

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A bad financial history closes many opportunities and options of getting financial assistance. A loan is very common in every individual?s life. We at different times need loans for different reasons like to buy a home, to start a business, to renovate your home, expand your business, buy a car, etc. However, a bad score will close all the options of getting loan for you. This does not mean the end of the road. You can improve your personal credit score by learning the tips of bad credit repair. You need to work on your card to improve your score. You also can follow the ways of using credit cards to improve your score. Read the instructions given below to help you improve your score.

Calculate the balance available on all the cards or plastic money you own. You can call up the at the call center of the service provider to find out this balance.
Now divide the maximum limit you of your card with the balance available on your card. If the ratio of these two elements is 0.80+ then you need to think abut your score because this is a sign of bad score.
This ration can be lowered by clearing some payment. Pay off whatever you can because this will show up in your financial record and improve your score. Also, try talking to your service provider and request to increase the limit on your card.
Try to lower the ratio to improve your score.

The other method of improving your credit score is again using plastic money.

Using these cards your score went for a toss but you can also improve your score by using this plastic money.

Buy a new credit card. Since your score is low, you will be eligible for cards that have lower balance limits and higher interest rates. However, to begin with, opt for these cards. Have an amount of balance in your account that equals the amount you will spend. Every month spend around 0 from your credit card. While you spend 0 make sure you have 0 to repay the bill on your card. Keep using these cards and clearing the bills. After some time you will be eligible for better cards. Buy other cards and keep the previous cards active. When you start buying new cards, see to it that you clear all the previous bills. In this way your score improves and you are finally eligible for better cards. Better cards and offers being offered to you means that your score has improved. Once your score improves deactivate the old cards or cards that you do not use any more. Keeping these cards will again affect your score because of the fees piling up on your cards.

Follow the above instructions and improve your personal credit to again normalize your financial scope.?

Source: http://www.akwatik.com/credit-repair-tips-to-improve-your-credit-score/

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