Legal Miami Credit repair

Think of your credit as if it’s a fingerprint.
We each have our own unique credit history. Yours may comprise an entire constellation of financial decisions, ranging from the big (an auto loan or a mortgage) to the small (making your credit card’s minimum payment on time).

Whether you have good credit, bad credit or need to build credit from scratch, most of us have room for improvement. There’s no fast lane to an excellent credit score, but responsible financial habits can go a long way toward boosting your credit health.

On that note, here are some dos and don’ts to keep in mind while trying to build credit.

The dos
Do pay your bills on time
What lenders care about, above all else, is the likelihood that you’ll pay back your debts. Doing so on time, every time, proves that you’re reliable and should boost your overall credit health.

That’s why it’s important to make on-time payments on all your accounts. That includes not only your credit card, but also your rent, utilities and even your cellphone.

Late or missed payments can significantly harm your credit scores. If you have trouble keeping track of your bills, consider setting up automatic payments or payment reminders.

Of course, nobody’s perfect. If you forget or accidentally make a late payment on one of your accounts, it’s not the end of the world. Call your lender as soon as you discover the mistake and ask for forgiveness. Then pay the bill and bring the account current.

Do pay down your debt
Your credit utilization ratio compares the amount of debt you owe to the amount of credit you have at your disposal. Lenders want to make sure you’re not borrowing more than you can afford to pay back.

Most experts recommend keeping your overall credit card utilization below 30%. The easiest way to stay read more below that number is to pay off your credit card balances in full each month. A lower credit utilization ratio suggests that you can use credit responsibly, so it

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