Credit Score Range
Having a high credit score in the 700s or 800s is something worthy of shooting for. Your credit score is a formula of your financial past and is developed by FICO who determines your score. To get a score in the 700s and 800s, you need to be sure that you never max out your credit card and pay your bills on time. One more thing that will help your credit score is if you get rid of all the negatives from your credit score.
Get your highest credit scores by paying your bills on time. Your debt plays a big role in being able to get a high credit score so paying that off on time will help.
Negative things on your account are like delinquencies, late payments, or bills that have went into collections. First and foremost, you must avoid getting negatives in the first place so that you don’t drop your credit score. One step you can take to conquer this is to pay your bills each and every month on time. Another thing you can do is to pay off your credit card in full and don’t max it out.
If the negatives on your account are not yours, then it need to be taken care of and taken out of your account. The next best step if the negative isn’t yours is to dispute it and write it in a letter to send it. The letter must be sent via certified mail and so you know that they will open it. You should have your response to the investigation within 30 days.
If you do remember having a late payment or something that was caused by you, then you cannot have it taken off by a dispute letter. The only option you have for this case if it was your fault is to wait. After 4 years you will feel that the negative won’t affect your score as much and after 7 years it will be fully lifted from your credit report. That’s not the worst of it. If you have ever been bankrupt and have it on your credit report that stays there for ten years.
If you plan on buying a home then you will need a home loan. There is no way to avoid a mortgage with credit score.
Keeping your credit utilization ratio low will help you get a better credit score. Click here for a free credit check score. Rest assured that your credit report is error-free if you check it on a regular basis.
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