Getting a Good Credit Score | How To Get a Good Credit Score Now
Follow these easy steps when trying to get a good credit score. First you need to be able to know what your credit score is and what score to shoot for. Keep reading for more details.
Getting a Good Credit Score
In order to get a good credit score, you need to take your finances very seriously. This includes any bills that you get and even applying for credit cards. Anything that surrounds your finances need not be taken lightly. Read the steps below on how to get a good credit score.
Paying Your Bills To Get a Good Credit Score
Who knew that just by paying your bills can increase your credit score. But in fact, it is the biggest contributing factor to getting a good credit score. By simply paying your bills on time and in full each month, you are working towards getting a better credit score. But keep in mind that you need to do this each and every month for years. Do not make any mistakes and pay any bills late. Remember that it is easy to get a low credit score but is tough as nails to get a good credit score. So don’t put yourself in the position where you will have to dig yourself out of. Once you know the secrets and rules to the credit score game, you can play it well.
Do Not Max Out Your Credit Score
Getting a good credit score looks at a thing called your credit utilization ratio. This is the percentage of debt you have over the total amount of credit that is available to you. For example, let’s say you have a credit card with a $20,000 limit. If you spend $10,000 of it, you have a credit utilization ratio of 50%. Now add all your credit card limits and debts together and figure out the total credit utilization ratio. Both the total amount and each individual card should not equal a percentage of more than 30%. If you are really good then keep the credit utilization ratio under 20%.
Those two steps alone will get you a long way to getting a good credit score. The trick is that you need to keep at it and do not lose focus.