Tuesday, May 19, 2009

How to raise your credit score

A good credit score ranges anywhere between 300 and 850 and everybody wants to reach the magic figure of 850.

A good credit report is really important these days as a higher credit score means lower rate of interest for you. It’s important not only while you are buying a house or a car but also if you intend to rent an apartment.

Here are some simple tips on how you can raise your credit score:

Avoid delinquency of accounts at all cost
Late payments will lower your credit score
Don’t maintain too many accounts
Delete your old accounts
Above all always keep a watch on your accounts

These simple steps will really help in pushing up your credit score.

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