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Sunday, December 7, 2008

How to Raise Credit Score in 5 Easy Ways

By Marcus Duke

If your credit score is low and you need to purchase a home or buy a car or open a credit account you may find that these privileges are extremely difficult with less than perfect credit scores.

For people with low credit scores all is not loss, you may be able to raise your credit scores.

By implementing small changes daily you can see your credit scores improve gradually and improve your chances of getting approve for credit.

1. Pay every bill before it is due. If you make it a habit to pay your bills on time you can improve your credit rating and credit score.

When your payments are overdue or late your credit score can suffer greatly. Paying your bills on time is good practice. This one step alone can change your credit score in a positive way.

This step is extremely important in raising your credit scores and will help to improve your score as well.

You can't just ignore the payments that you have missed. Get those payments current and then get back on track so you can get back to paying your bills on time.

The charges already owed to the companies will not go away and still need to be paid for you to be current on your bills.

Every on paid bill does not go away, those companies still expect to get paid. Most companies will be happy to make arrangements with you to make payments towards paying off the debt owe.

3. Onforeseen times and incidences can happen to anyone. This may the the cause for your current financial state.

5. Everyone faces hard times from time to time.

Tip #5 - Avoid Just Moving Your Debt - Many people merely move around their debt instead of paying it off, which will not help you out when wanting to know how to raise credit score. Instead of moving your debt to another card, you should be working to pay it off instead. This is the way that you can lower that score.

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