Since a good portion of your credit score is based on your ratio of debt balances versus your total available credit (called Utilization Rate – and about 30% of your score), a great way to improve your Utilization without paying down debt is by requesting a credit line increase. Simply call each of your credit cards or revolving debt holders and ask them if they’ll increase your total credit line. If and when they do so, your credit utilization ratio will automatically improve, and your score will rise accordingly. For instance, if you owe $5,000 on a tradeline with a $10,000 limit, your utilization ratio is at 50%. But if this same creditor increases your available credit to $15,000, your ratio instantly sinks to 33% – which is far closer to FICO’s ideal ratios! You may be able to achieve this with a simple phone call (and some convincing), and the worst they can say is “no.” Either way, it’s not requesting a new tradeline or opening new credit so your score will never go down.
Most credit counselors offer services through local offices, online, or on the phone. If possible, find an organization that offers in-person counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.
When your financial health is at stake, you need a lender you can trust. Unfortunately, some financial institutions make it difficult to find all the information you need to make an educated decision. This can cause you to inadvertently sign up for a misleading loan that doesn’t serve your best interests. If you can’t easily find the answers to any questions you may have about a debt consolidation loan, you may want to consider another lender.
If your wallet is stuffed with multiple credit cards staying on top of your accounts is probably a hassle you could do without. Keeping track of balances and due dates takes some elbow grease, and then there's the not-fun monthly ritual of figuring out how much you can afford to pay on each card. The good news is that if you are currently juggling a few cards with balances, you may be able to streamline your credit by consolidating your credit cards.
Rapid rescoring is a little-known strategy explained by credit guru Liz Pulliam Weston in her book, "Your Credit Score: Your Money and What's at Stake." Unlike credit repair services, which are almost always a scam, rapid rescoring is a legitimate way to improve your credit score in as little as a few hours – if there are verifiable inaccuracies on your credit report. For rapid rescoring to work, you must have proof that negative items on your credit report are incorrect.
Nice Info, Well I did boost my score with the help of Patchupcredit@ Gmail com. I had my credit history smiling, my debts and bad collections were deleted in few days. I’m happy living with benefit, I can’t get rid of my credit cards lol. I really appreciate the help i got all for a few bucks i totally recommend his service for you who need to boost your score fast for a loan or something useful