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Credit Score: How to Raise it. Free eBook

“The Shocking True Story of How I Raised My Credit Score 165 Points in 3 Months and Saved $1,000’s In Interest”

Before we begin, here are some things you absolutely must do to optimize this process and how much of each item affects your credit score:

  • Payment history is 35% – Pay your bills on time every month. Even if you have to borrow it, pay your bills!  Missing payments is an absolute killer!
  • Debt level is 30% – Don’t take on any unnecessary debt. My general rule of thumb is if you can’t pay cash for it, don’t buy it. (This excludes a home, college loans, etc.)
  • Length of credit history 15% – Having a longer credit history is good because it gives more information about your spending habits. Remember, it’s good to leave open the accounts that you’ve had for a long time even if you don’t use them.
  • Inquiries are 10%  – Do not apply for new credit unless absolutely necessary. Too many inquiries shows you are looking to take on a lot of debt or you are in financial dire straits.
  • Mix of credit is 10%  – Having different kinds of accounts is good because it shows you have skills managing different types of credit.