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Five Quick Ways to Improve Your Credit
Why You Need Good Credit• If you want a credit card, a home, or
even a job, your credit score matters. • Missed payments, high credit utilization,
and inquiries can all lower your score very fast.
• But are there ways to improve your score quickly too? The answer is yes…there are some things you can do to help the process along.
Get a Free Credit Report• You are entitled to a free credit report
from all 3 major credit bureaus each year.
• Look at each one closely as each has different information reported.
• Scrutinize the reports for any errors that may affect your score and notify the credit bureau immediately.
Get a New Credit Card• There are credit cards for bad credit
designed specifically to help you improve your credit score.
• Make sure the card reports to all three (3) major credit bureaus like a secured credit card.
• Look out for prepaid cards that charge exorbitant fees; these are not the right type of card to help you improve your score because they don’t report to the credit bureaus
Negotiate• See if you can work out a payment
plan to get your debt down.• Write a letter to your creditor to see if
they'll remove poor marks.• If you were a good customer in the
past, they may agree.
Get Your Credit Utilization Down• Credit utilization is one of the most important criteria for a credit
score.• Set a goal to get utilization down to under 33%.• If you can, ask for an increase in credit limit. For a secured credit
card, you will need to increase your security deposit.
Learn to Budget• Don't use your cards unless
you have to.• Write your expenses down
and create a budget.• Set up automated payments
to make sure everything is paid on time.
Learn more about UNITY VisaApply for a second chance!
www.unityvisa.com(877) 663-8648
100 Franklin Street, Boston, MA 02110