Repair your credit profile for 2008
|
Check the Situation That Best Applies to You... And Then Click the Button Below to Get Your Free Debt Analysis I need help with credit card debt I need help with unsecured loans, personal loans, lines of credit I need help with medical bills I need help with collections or repossessions I need help with business debt
(Click the button above to get your free debt analysis) |
Hello-
Re: Repair your credit profile for 2008
Take a look at this:
- Payment history - 35%
- Amounts owed - 30%
- Length of credit history - 15%
- New credit - 10%
- Types of credit used - 10%
Do you know what those percentages are for? You should. Those are the percentages that make up your credit score. 65% of your FICO credit score comes from your payment history and the amount you owe on your credit cards. If you start paying all your bills on time, your credit score and your credit profile will start to improve. If you reduce how much you owe on your credit cards and on your car and home loans, your credit score and credit profile will get better.
Here’s a tip to help you improve your credit profile - call your credit card companies and ask for a better interest rate. If they say no, call back a day or so later and ask again. Write a letter as well. Many people do not write letters these days. By getting a better interest rate, you’ll save how much you have to pay back and you’ll save on interest charges.
If you want to repair your credit profile in 2008, pay your bills on time and reduce your debt. If you need more money, seek out opportunities to make more money, get a second job, ask for a raise, start an online business, etc.
Have a safe, healthy, happy, and prosperous New Year!
-Adam
Leave a Reply