6 Tips to Improve Your Credit Score

39058424_sYour credit score is the single most common measurement of creditworthiness, meaning that it determines whether someone can get credit, and under what conditions. As a result, if you have a good credit score, you can expect to borrow more money at better interest rates and more lenient loan conditions than would be possible if you have a poor credit score.

If you are looking for easy ways to start rebuilding your credit score, consider implementing these 6 tips into your personal finance plan:

  • The simplest and most straightforward method for improving your credit score is to make bill payments on time. If you are willing to make pre-authorized payments, make arrangements so you never accidently forget to pay a bill. Or, set up reminders in your calendar to make your payment well ahead of the due date.
  • Even if you are no longer using one of your credit cards, you should not close it right away. If you close your unused card, you could lose the credit history attached to it. This is important because you are judged on the length of your credit history as well as the contents of your credit history.
  • Be sure to pay down your existing balances before borrowing more money. The less debt that you have relative to your income, the more debt you can take on before your debt burden becomes unsustainable. This is something that your credit score report will pick up on and take note of.
  • Using different kinds of credit can result in improvements to your credit score. For example, consider using a line of credit for bigger expenses instead of using your credit card all the time. A varied borrowing history combined with regular payments can give your score a boost.
  • Reduce the number of checks on your credit score if at all possible. It can be a red flag for credit bureaus if they see a number of subsequent checks into your credit score. The result could be a lowered score.
  • You are entitled to one free copy of your credit score report on an annual basis. Use it to check your credit score report for errors that are causing damage to your credit. If you find an error, contact the business that reported it to correct it as soon as possible.
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Niiwin, LLC is a commercial enterprise and instrumentality of the Lac du Flambeau Band of Lake Superior Chippewa Indians, a federally-recognized sovereign Indian nation (the “Tribe”) and operates within the interior boundaries of the Lac du Flambeau Reservation. Niiwin, LLC is chartered under and operates pursuant to Tribal Law. Loans from Lendgreen are governed by the laws of the Tribe, not the law of your resident state.

This is an expensive form of borrowing. Lendgreen loans are designed to assist you in meeting your short term borrowing needs and are not intended to be a long term financial solution. The Annual Percentage Rate (APR) applied to your loan will vary depending on the pay period. The maximum APR on any Lendgreen loan is 795%. Before borrowing, please consider whether you will be able to repay the amount you borrow. Any instances of late or no-payment may be subject to additional NSF and late fees, and collection activities. Cash advance services through this website are not available in all states and state availability may change from time to time without notice. Lendgreen does not lend to residents of AR, GA, MD, MN, NY, PA, VA, WV, WI, or to members of the military.

Lendgreen does not perform credit checks through the three main credit bureaus (Experian, Equifax, TransUnion). A credit check or a request for your credit report may be executed in some circumstances to determine loan approval status through an alternative provider including but not limited to, Clarity, DataX and Factor Trust. These alternative providers will typically not affect your credit scores.

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