Thursday, June 5, 2008

3 tips to increase your credit score

Below are 3 great credit score repair tips.

Credit Score Tip 1 - Pay your debts in time

The fastest way to make your credit score worse is to miss your debt repayments. Always ensure you meet your payemtns. If you feel you may struggle o meet any repayments be sure to call the company you owe and let them know before hand. If you do this they will usually give you extra time to pay.

Credit Score Tip 2 - Over pay your debts

Part of your credit score is dependant on the ratio of debts to credit facility you have. By ensuring you have not taken out all of the debt you have access to will ensure your credit score isn't needlessly affected.

Credit Score Tip 3 - Refinance you most expensive debts

Quite often you'll be able to save money by refinancing you most expensive debts. This involves switching you debts onto products that charge a lower rate of interest. Doing so can save you a considerable amount of money each month.

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