Posts tagged as:

credit score

Don’t Apply For Credit Too Frequently

by Moneyproblems TipsMon Sep 20, 2010 Credit Reports

Your credit score is negatively impacted by frequent credit applications, if you are turned down.  So, if you are applying for credit (such as applying for a mortgage) and you want to “shop around” for the best rate, be sure to do all of your credit shopping within a 15 day period, because applications within [...]

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Reduce Debt to Improve Your Credit Score

by Moneyproblems TipsFri Nov 27, 2009 Budgeting

The only permanent way to improve your credit report is to reduce your debts. Your household budget can help you determine if you can cut your expenses enough to free up the cash necessary to repay your debts and improve your credit score.
But what if you have more debt than you can handle, and [...]

Tagged as: credit report, credit score

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How to Permanently Improve Your Credit Report

by Moneyproblems TipsThu Nov 26, 2009 Budgeting

This week we have discussed your credit report. It’s important to get a copy of your credit report,and review your credit report for mistakes. But your credit report is only a picture of what you already know. There are no quick tricks to fixing a credit report. Ultimately to get a better credit score, [...]

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Credit Reports: How To Improve Your Credit Score

by Moneyproblems TipsMon Nov 23, 2009 Credit Reports

If you plan on borrowing money in the future, your credit report will determine whether or not you can borrow, and what interest rate you are charged, so keeping your credit report and credit score in good order is important. But what if you are one of the 150,000 Canadians who declared bankruptcy or filed [...]

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Old credit cards are good credit cards

by Moneyproblems TipsFri Sep 18, 2009 Credit Reports

Our final tip in Credit Report Week: Old credit cards are good credit cards.
One factor used in calculating your credit score is your credit history. The longer you are able to manage revolving credit, the better you look. So, if you have a credit card that you haven’t used for a while, use it, and [...]

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Keep your utilization rate low

by Moneyproblems TipsThu Sep 17, 2009 Credit Reports

Today’s tip in Credit Report Week: Keep your utilization rate low.
When lenders are deciding whether or not to give you credit, they look at your utilization rate. For example, if you have $25,000 in available credit on your credit cards, and you are currently borrowing $2,500, you have a utilization rate of 10%. [...]

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