PRLog - Nov. 19, 2012 - IMPERIAL BEACH, Calif. -- Golden Financial Services released a new page on their website that discusses how to Increase Credit Score and also includes common misconceptions that consumers often have regarding increasing credit score.
High Credit Score
The new page includes nine of the best ways to increase credit score step by step. This article highlights a few of the points made regarding having good credit and how to increase your credit score.
The reason that Golden Financial Services is putting so much attention towards the subject of increasing credit score and having good credit is because after consumers graduate on a credit card relief program, they are next going to want to increase their credit score. http://nomorecreditcards.com/
Golden Financial Services believes that helping consumers to achieve credit card relief is only half the puzzle; the next part of the puzzle is to increase credit score.
Next, lets take a look at a few points that are highlighted on the new page released regarding “ways to increase your credit score.”
First off, utilizing too much of your credit limit, will not help with increasing your credit score. Most credit experts will tell you to keep your balances on each of your credit cards below 50% of what the credit limit is. Golden Financial Services stresses that you should keep your balance below 30% of what the limit is.
Ruth Adorno, a manager at Golden Financial Services said it like this. “Why play on the fence. Get over the fence and play where it’s safe. Why keep your balance just below 50% of what your credit limit is? Keep your balance below 30% of what your credit limit is and you will increase your credit score while staying out of high credit card debt.”
The second and the most obvious rule to follow in order to increase credit score is to pay your bills on time. Golden Financial Services recommends that you set it up so that your credit card bill can be paid off in full each month no matter what the balance is. In other words, don’t charge what you can’t pay at the end of the month. This will allow you to stay away from building high credit card debt, and lean towards building good credit.
Monitoring your credit report each month is also important for consumers to do if they are looking to increase credit score and build good credit. Golden Financial Services includes information on how to monitor your credit report, remove collection marks and much more on the new page they released regarding “ways to increase credit score by 100 points”. View all nine of the best ways to increase your credit score at: http://nomorecreditcards.com/