Having a high credit score in the 700s or 800s is something worthy of shooting for. Your score is determined by a complicated algorithm that was developed by the people from FICO. If you want a score in the 700s, that means you have to be good at always paying your bills on time. Having all the bad negatives taken off your account will be one of the better things you can do to make your score higher.
Get your highest credit scores by paying your bills on time. Your debt plays a big role in being able to get a high credit score so paying that off on time will help.
Negatives are things on your credit score such as late payments or bankrupcy. The first thing you must know is to not get these negatives at all so you don’t have to worry about it. One step you can take to conquer this is to pay your bills each and every month on time. The second most important thing you can do is to not get into credit card debt, pay off your card in full each month, and don’t max out your card.
If the negatives are not your fault or you don’t recognize them then you have a problem that needs to be removed. Negatives can be removed and disputed in writing if they do not belong to you. You have to send the letter to the consumer report where you are disputing the negative and send it via certified mail. You should have your response to the investigation within 30 days.
If you find out that the negative is yours to begin with then you cannot dispute it. You only have one option if the negative was indeed your fault, and that is to wait it out until it clears. After 4 years you will feel that the negative won’t affect your score as much and after 7 years it will be fully lifted from your credit report. There are worst things. If you have a bankrupcy on your credit report and financial record then that stays with you for 10 years.
If you plan on buying a home then you will need a home loan. With your morgage, you will need a home loan with credit score.
If you keep your utilization of credit low, you will help your credit score. That means no maxing out your credit cards and spending close to what the credit limit is at. Click here for a free credit check score. It’s a good idea to check your credit score at least 4 times a year.
