They Monitor And Check Their Credit Report Regularly…
Checking and Monitoring your Credit Report is one of the most important tasks to managing and building your Credit Scores. Everyone with great Credit knows this little trick. Your Credit Report is constantly changing and you need to be on top of it before applying for ANY type of credit. Knowing what is on your Credit Report at all times gives you a severe advantage. Never apply for credit without first knowing your scores and exactly what is on your report. Some reports claim that 98% of reports contain errors!
They Never “Blindly” Apply For Credit…
People with great Credit DO NOT blindly apply for credit. What does this mean? It means that they know they will get approved before they even apply! How? When applying for Credit, most banks and lenders only check one out of the three bureaus. If you ask them, they will let you know which bureau they use. As long as you know your Credit Scores and goals, you can match the lender with the lowest rates to the Credit Bureau reporting the highest Credit Score for you. You don’t play poker without a strategy, and your finances are important, so make a strategy! Don’t know what your Credit Scores are? You can start at step 1 above or schedule a FREE Consultation with one of our Credit Experts.
They Keep Their Credit Card Balances Low…
Since 35% of your Credit Score is made up of your revolving debt ratio, to have a GREAT Credit Score, you want to keep your balances low on your Credit Cards. Does this mean you need to keep them low all the time? NO. You only need to keep your balances low within a few months of applying for more Credit (Like a Home Loan, Car Loan or New Credit Card). The ideal debt ratio is 1% which means that you want to owe 1% of your Credit Limit on each credit card. You never want to go over 50% and the “sweet spot” is 30% or lower. Have Questions? Want us to look at your Credit Report and make a plan of action? Call today 1-800-216-2725 or visit our website to obtain your credit report and schedule a consultation with our experts: https://www.https://www.bettercreditguaranteed.com/order-credit-report
