Rebuild Your Credit Score

With 8 Simple Steps

What does a good credit score get you?What does a good credit score get you?

What does a good credit score get you?Credit scores range from 300-850

What does a good credit score get you?What determines your credit score?

What does a good credit score get you? Order from 1 credit bureau today

Order from another one in several months

Order from the 3rd in 8 months

What does a good credit score get you? Get a secured credit card

Requires cash security deposit, which sets your credit limit

Check to see if your bank or credit offers one

What does a good credit score get you? Bill payment history is #1 influencer of

credit scores Paying just 1 bill 60+ days late can impact

your credit score At least pay minimum amount due to

rebuild credit

What does a good credit score get you? Balance to credit limit ratio is another influencer Keep your balance low or pay it down to rebuild

credit Contact your bank/credit union to increase your

credit limit which increases balance to credit Limit ratio

What does a good credit score get you? Some banks don’t increase credit balances for

minimum payments When you pay more than the minimum, the ratio of balance to credit limit improves You’ll rebuild your credit as a result

What does a good credit score get you?

Having many accounts in a short time can decrease credit scores

Schumer Box is a good research tool for credit options

This tool gives a summary of credit cardDisclosures

Avoid cards with high penalty fees/rates

What does a good credit score get you? Begin by paying off low balance loans

Next, work on reducing larger loan balances Making regular payments are crucial

Pay down debt if you have additional funds afterpaying monthly balance

What does a good credit score get you? Here are additional online resources that

show you how to rebuild credit:

https://www.annualcreditreport.com/cra/index.jsp

http://www.consumer.ftc.gov/topics/money-credit

http://www.experian.com/index-hpw.html

https://www.creditkarma.com/