Credit is a major part of our lives and is pretty much needed for everything from purchasing a home to employment. Getting your credit back on track isn't as hard as you think. It will take some time and a bit of work, but here are 5 simple tips you can start using today!
5 TIPS FOR GETTING YOUR CREDIT BACK ON TRACK
1. Paying down your balances will have the biggest impact on your credit score. The more available credit you have, the better!
2. Only use up to 30% of available credit lines- keep your balances low!
3. Make payments on time!
4. Unused credit cards should not be closed. This is a short-term approach to raising your scores.
5. If no credit at all, open a secured credit card and make on time minimum payments. It can take up to 3-6 months to see activity on your credit report.
For more information or questions on credit, contact Monica Redondo at (208)991-2352.