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  • Writer's picturezarreen soni

5 ways to boost your credit score:

Many of our clients are incorrectly or excessively listed, however some of them are. We might be able to help, no matter what the circumstance. – We'll do more than just help; we'll offer you our expert assistance.


Here’s a few tips we suggest on how to build your credit score:

1. Build Your Credit File: Opening new accounts that will be reported to the major credit bureaus is the first important step-you can't start laying down a good track record as a borrower until there are accounts in your name, so having open and active credit accounts can be helpful.


2. Don't Miss Payments: your payment history record is one of the most essential determining factors of your credit score. It is important you don't miss loan or credit card payments by more than 29 days—payments that are at least 30 days late can be reported to the credit bureaus and negatively affect your credit scores. Having measures like automatic payments is a good way to avoid missing payments. If you find difficulty paying any bills, reach out to your credit card issuer immediately to try and discuss a possible solution.


3. Catch Up On Past-Due Accounts: even though late payments can remain on your credit scores for up to a set amount of years, paying your bills up to date can good for your scores. It also helps further late payments being added to your credit history as well as additional late fees.


4. Pay Down Revolving Account Balances: even if you’re not behind on bill payments, it’s best to maintain a low balance on them relative to their credit limits which can help you improve your scores. Those with the highest credit scores tend to keep their credit utilization ratio in the low single digits.


5. Limit How Often You Apply for New Accounts: only open accounts that are necessary. Don’t open accounts for luxury expenses if its not within your budget.


At Clear Review we offer you top quality finance services and expert advice, so they are able to live a stress-free, debt-free life.



Contact Clear Review Consultants for a tailor-made financial solution plan on 0215696041 or visit our website to fill out a form on https://www.clearreviewconsultants.com/lead-collection.


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