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Tips For Getting A Perfect Credit Score

It comes to getting an excellent credit you should, therefore, reach a 760 score. If you are thinking of working on attending a maximum credit score someone is required to use their credit. That is usually not helpful for these most people especially since the point of having a good score is to use credit. You should keep in mind that some things that you might do will not destroy the chances of you getting that mortgage that you would want. It is important for you to make sure that you aim for 760 and above because you will be able to qualify for virtually any loan products that you would be interested in getting. Below are some points that will guide you in order to get a perfect credit score.

Keep in mind that it is wise for you to make sure that you make payments on time every time that you are needed to do so. It is usually known to be the number one way to show you what it is. When using credit it isn’t necessarily bad unless you use an exaggerated amount, not being able to pay it off on time is very bad. You should ensure that you set a reminder on your phone and then you set up an homepage automatic payment with your bank. Make sure that you do whatever you have to do in order to make sure you always remember to pay on time. You need to know that you can be able to attain a perfect credit score if you ensure that you a 100% on-time payment record. You need to know that having negative items like missed payments usually impacts less on your score as time passes. You can always choose to start from where you are at and keep making the payments on time.

What you need to know is that credit reporting agencies are known to look at the total credits that you have compared to the credit that you are using. When you use your credit it is seen as a bad thing since you are maxing out what is available for you. It usually does not mean that you are not supposed to use your credit. You can never go wrong if you answer that you keep the ratio under 30%. If you realize that between all your credit cards and credit lines you have 20000 of available credit you should aim at trying to keep your average usage at around 6000 or less. If you choose to close all your old accounts that you do not use, it usually isn’t necessarily a good idea.

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