Brookwood Loans Talks About Improving Personal Credit in the New Year

Jan. 7, 2015 - PRLog -- Diet and exercise may be the most common New Year’s resolutions, however improving one’s financial disposition may be one of the smartest goals to have for 2015. Through the economy collapse of 2008, many Americans were forced to make decisions that ultimately affected their credit scores. Now, as we regain stability in the workforce, we’re left scrambling to repair those personal credit scores, especially if we hope to secure a home loan, vehicle loan or even a new credit card.

Brookwood Loans has some simple tips for consumers working at improving their credit scores:

1.       Watch Credit Card Balances: One of the major factors in your credit score is how much revolving credit you have versus how much you're actually using. The smaller that percentage is, the better it is for your credit rating.

2.       Good Old Debt: Good debt, or debt that you've paid in a timely manner, is actually good for your credit. The longer your history of good debt, the better it is for your score. To improve your credit score, leave old debt and good accounts on your credit history.

3.       Always pay bills on time: Late payments are one of the biggest contributing factors to your poor credit score. Some banks offer payment reminders through their online banking center that sends an email or text alert when a payment is due. You could also enroll in automatic payments through your credit card and loan providers to have payments automatically debited from your bank account each month.  Bottom line, stay organized with your billing due dates.

About Brookwood Loans

Brookwood Loans is a highly reputable and experienced internet-based consumer finance company with locations in twelve states including Alabama, Georgia, South Carolina, California, South Dakota, Utah, Missouri, New Mexico, Virginia, Illinois, Texas and Wisconsin. Brookwood Loans is a modern-day loan program designed for people who have fair-to-good credit and a stable income.

Brookwood Loans offers clients a simple, online application process with immediate loan results and same-day, fast cash options. No collateral is needed to secure a loan from Brookwood Loans.  For additional information including an application for Brookwood Loans, please visit www. brookwoodloans.com.