Steps To A Better Credit Score Flagstaff AZ

If your credit score isn't as high as you want it to be, know that you have the power to improve it. The way in which you handle your finances plays a huge role in your credit rating.

Rodney C Wilson CPA
(928) 779-5726
2200 E Cedar Ave #13
Flagstaff, AZ
 
Dickman & Co
(928) 526-2500
2710 N Steves Blvd #C
Flagstaff, AZ
 
Mizer & Associates
(928) 773-7770
2320 E Route 66
Flagstaff, AZ
 
Mary Jo Heher Agency
(928) 526-0102
2223 E 7th Ave #A
Flagstaff, AZ
 
Nordstrom & Associates
(928) 774-5086
P.O. Box 220
Flagstaff, AZ
 
Anthony C Choi CPA
(928) 526-0300
2160 N 4th St
Flagstaff, AZ
 
Barth & Cvercko
(928) 779-6181
2405 N Rose St
Flagstaff, AZ
 
Century Small Business Sltns
(928) 213-1241
2200 E Cedar Ave #12
Flagstaff, AZ
 
G Terry Hnatyshak CPA
(928) 526-6941
P.O. Box 3510
Flagstaff, AZ
 
L Sam Pappas CPA
(928) 774-7321
P.O. Box 400
Flagstaff, AZ
 

Steps To A Better Credit Score

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It's Your Credit - Take Control Of It!

If your credit score isn't as high as you want it to be, know that you have the power to improve it. The way in which you handle your finances plays a huge role in your credit rating meaning if you have healthy finances, you'll also achieve a healthy credit score. It takes discipline and dedication, but it's worth - especially when you reach a credit standing that allows you to qualify for loans, lower interest rates, and more.

1. Pay your bills on time.

This is the single most important factor in determining your credit score, making up 35% of its total. Missing just one payment on a credit card or car loan can take 50 to 100 points off your credit score. And if you miss an entire month's worth of payments, your score could easily drop 100 to 200 points.

2. Pay down your debts, and once you have paid them off, charge less in the future.

Creditors expect a certain amount of room between the amount of debt on your credit cards and your total credit limits. The more debt you pay off, the wider that gap and the better your credit score.

3. Don't automatically close older accounts you have paid off.

This way of thinking has been updated over the past few years. The rule of thumb had been to automatically close every account that had a zero balance to improve your score. Now, the strategy is just the opposite. When you close an account, you lower the total amount of credit available to you, which in turn raises the ratio of balances (on your other cards) to credit limits. By closing your oldest accounts, you may actually be considered less creditworthy....


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