Check your credit report first before seeking out a personal loan, car loan or mortgage. If you found that your credit rating needs improvement, here’s what you can do. More info: http://www.badcreditresources.com/articles/how-to-build-a-healthy-credit-score/

1. How to Build a
Healthy Credit
Score
by:

2. When applying for a loan, everybody wants to get the
lowest interest rates.

3. However, getting the best possible rate will only be
possible if you have good to excellent credit.

4. If you found that your credit rating needs improvement, here’s
what you can do.

5. Remove Negative Information
Negative information may be the reason for your
poor rating.
If discover false information, send a dispute letter to
the bureau that issued your report.

6. Do Not Maximize your Credit Limit
 Lenders prefer clients who do
not use up more than 50% of their
credit limit.

7. Don’t Close Old Accounts
Closing old accounts is like deleting the oldest parts
of your credit history.
If your old cards have high interest rate, use it
occasionally for small purchases and them off at once
to avoid the additional interest and late fees.

8. Submit Payments on Time
 Timely payment makes up about
35% of your total score so even a
single late payment can badly affect
your rating.

9. Avoid submitting multiple applications to
different lending companies.
When applying for a loan or a new credit card, do not
try to submit multiple applications to different lenders.
This will only send a negative impression to lenders
who may inquire about your report.

10. Call in advance if you’re going to be
late.
 If for some unexpected reason, you cannot
submit your payment on time, call your creditor
in advance and ask for an extension of your due
date.

11. More Information:
 Read more: How to Build a Healthy Credit Score
http://www.badcreditresources.com/articles/how-to-build-a-healthy-credit-score/
 If you want to Fix Your Poor Credit
http://www.badcreditresources.com/articles/fix-poor-credit/
 Or The Best Times To Take A Look Your
Credit Report
http://www.badcreditresources.com/articles/the-right-times-to-check-your-
credit-report/