Ways to improve your credit score ratingPosted by Nick Niesen on November 8th, 2010 Have you ever bothered to have a look at your credit score? Most of us are not even aware about the importance of maintaining a healthy credit score. If your credit report has a bad credit score rating it?s the time you start to improve your credit score rating. Credit score is just a three digit number but it has a great importance especially when you?re thinking for applying a loan. Bank and money lenders check your credit score rating to judge your credit worthiness. Thus it becomes very much important to maintain a healthy credit score and report.
Negative remarks require certain time to cease from your credit report. For example, bankruptcy exists for 10 years on your credit report whereas other negative remarks prevail for 7 years. Usually credit score ranges from 300-750 but average credit score lies within 600-750. In order to have good credit score a person must score above 700. It is obvious that person with bad credit finds credit limitations whereas person with good credit has credit flexibility. Concerning the growing importance of credit in modern business one must understand his responsibility to improve it. Below are some of the guidelines that can help you to improve your credit score. ?Pay your bills on time or on due date. Like it? Share it!More by this author |