Because, despite what you may have heard, there IS light at the end of the tunnel.
But I'm jumping way ahead of myself.
Before we go any further, let me say this to you...you have to drop your ego and think the same way creditors do if you REALLY want to increase your credit score.
With that in mind, by the time you finish scanning every line in this article, the necessary steps will become clearer and clearer.
So let's look at how to improve credit score while at the same time creating a credit rating that will stack the deck in your favor. …show more content…
In nutshell, I think the main problem with people who are hammered to a pulp with low credit scores is over-doing it with credit card spending.
In other words, they rely on their credit cards daily and quite frequently reach the maximum limit.
But here's the thing. When you are constantly getting close to or even going over your spending limit, your credit score is dealt a fatal blow.
Pound for pound, the one main rule as you are working on how to improve credit score is to drastically limit your credit card usage. It's the one real truth of credit repair, yet so many of us violate it day in and day out.
Let me explain exactly what I mean:
Any time your credit card balances are more than 50 percent of the available limit; you are headed down the wrong path.
My hunch is that don't know that creditors and lenders see this as a sign of weakness.
They automatically assume you have financial trouble and in turn could be a huge financial