4 Top Ways to Build Credit
Did you just get a credit card, or are you struggling with a low credit score? At Rock Credit Repair, we know how overwhelming and stressful the world of credit can be; that’s why we’re here for you! In this blog, we are here to give you four ways in which you can build and fix your credit in a fast and effective way.
Pay Bills on Time
Although this seems like a no-brainer, no strategy to improve your credit will be effective if you pay late. Why is paying your bills on time so essential? Payment history is the single biggest factor that affects credit scores and can really hurt your score. Additionally, late payments can stay on your credit reports for 7½ years. If you miss a payment by 30 days or more, call one of our credit consultants today!
Make Frequent Payments
Consider making small payments called “micropayments” throughout the month. These micropayments can help keep your credit card balances down and improve your credit. Throughout the month, making multiple, small payments moves the needle on a credit score factor called credit utilization. After payment history, this is another factor that highly influences your score.
Keep Credit Card Accounts Open
This tip applies more to those repairing credit, but bear in mind that the length of your credit history impacts your profile—and one of the easiest ways to damage your score is by closing old accounts. Rather than closing old accounts, consider keeping them open, mainly if they don’t require an annual fee. Doing this keeps your card active and will also continue to create a payment history that helps build your credit further.
Dispute Credit Report Errors
A mistake on one of your credit reports could be pulling down your score. Fixing it can help you quickly help fix your credit. Go through the professionals at Rock Credit Repair to check them for mistakes, such as payments marked late when you paid on time or negative information that’s too old to be listed anymore.
Give Rock Credit Repair a Call
Rock Credit Repair is your go-to credit consultant in the Fort Worth/Dallas area. If you’re struggling with credit and building up your score, call one of our professionals today! Talk to a Credit Consultant Today