Credit score can negatively impact your finances. A low credit score can earn you huge interest on a loan compared to if you would have a good credit score. It will be more difficult for you to acquire a loan if you do not increase your qualification.
If your credit score is low, don’t worry! You have come to the right place we will show you with such simple steps how to raise 100 points or more to your credit in a short time.
We will start by explaining the importance of increasing your credit score. Otherwise, perhaps you will not give any type of interest or value to all the information that we will present to you and that will surely be useful when you decide to obtain a loan to pay for that car that you dream of so much or the mortgage on the house that you you want.
You should keep in mind that if you get a better position in finance you will have more economic options not only to access loans with low interest rates and very comfortable payment termsbut you can also have cards and more financial opportunities that will allow you to advance financially.
Increasing your credit percentage will help you become an attractive point for banking or financial institutions who will want you to be part of their clientele and will offer you good interest rates, Best of all, you can save yourself hundreds of dollars and headaches.
How to increase your credit score fast and go up 100 points or more?
To raise your credit rating quickly, you must follow each of the instructions that we will mention below:
1. – Cancel your cards and invoices at the indicated time
To get an impeccable payment history, you need to be up to date with the payment of your cards and other bills. This will increase your degree of reliability and responsibility when paying. Therefore, financial institutions will be interested in you.
2.- Check your credit reports periodically
It is important that from time to time you request your credit reports so you can be aware of all the movements within your credit history. The most recommended thing is that every 4 months you request a report from different agencies so you will avoid unpleasant surprises.
3.- Do not ask for several cards at the same time
Applying for many cards at once will affect your credit history and instead of making you look like a serious person, it will turn out the opposite. Therefore, financial institutions will lose interest in you. Only consciously ask for the cards that you really need.
4.- Do not open several accounts at the same time
Just like with cards, if you open too many accounts at once, it hurts your credit reputation. For financial institutions people who open several accounts at the same time represent and are considered high risk.
5.- Do not pay your old credit cards
You can affect your credit history if you decide to cancel a card that is many years old and that you did not pay at the time. So, try to pay those recent cards to increase your credit score.
6.- Request a secured credit card
If you have been financially bankrupt, then having a secured credit card will allow you to rebuild your credit. Also, bad economic times won’t seriously affect your credit score, although you shouldn’t stop paying off your recent loans. Note that a bankruptcy can remain for more than 10 years on your credit history.