Build Positive Credit

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BUILDING CREDIT SECRET STRATEGIES FOR BUILDING GREAT CREDIT

Professionally Assisted Guide

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Secret Strategies to Building Great Credit

Perhaps you went through a rough divorce, extended period without

a job, a costly medical situation and the end result was that your once

great credit has now seen better days. You fear the damage is too

severe, you are overwhelmed with collection calls and simply at a loss

for where to turn. Your current strategy is to put your head in the

sand and hope it all gets better.

Take a deep breathe… relax. There is a better way.

Start from the beginning. The first step in correcting your credit is education! Understanding what

determines your score will help you in improving it. The pie chart covers all 5 factors and we have an

article on our home page that provides detail on each area. For the sake of building credit we’re going

to focus on three key areas:

Payment History — While 35% of your credit score

comes from how you pay your bills, there are lesser

known areas that are just as critical in improving

your scores. Paying your bills on time will take care

of the first and foremost area. There’s no rocket

science here, but it is critical.

For more information: Www.ImproveMyCreditUSA.com or 866-802-3470

http://www.improvemycreditusa.com/

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Moving forward might seem impossible, however, as you may be wondering how to establish credit

when credit card companies deny you for a new credit card. Be encouraged! There are ways to

reestablish positive credit. Some secured credit cards that require no credit check. Simply deposit

the minimum required amount to open a card (Typically $200-$300) and you are provided a card

with the equivalent balance. These type of cards are a great stepping stone for rebuilding credit. Be

aware, however, that some secured credit cards do check credit and you can be denied. Make sure

to seek out a card that has no credit checks. Once you have a minimum of two secured credit cards,

you will want to make sure to never carry a balance more than a 30% of you limit. With these cards

beware of annual charges and fees. Shop around assuring you get a card with the lowest fees and

rates.

Debt Ratio — 30% of your score derives from balances on

active credit. Keeping your balances low is a must in the

equation.

Unfortunately your debt can be high (Especially during

the holidays) and credit history can be poor. Since 15% of

your credit score comes from having a mix of credit, an

advanced strategy is to take advantage of secure

installment loans from your bank. In order to accomplish

this, deposit money into a savings account and obtain a CD. Then, obtain a loan against the

CD. Typically most banks provide such loans and start out at $1,000. Now that you have the loan,

use the money from your secured installment loan to open two secured credit cards.



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This covers the 15% for a mix of credit while also giving you the major boost from the two secured

credit cards. You’ll begin seeing significant results within 90 days and even more over a 12 month

period.

By following these simple steps you will see a steady growth in you credit rating over time. We

always recommend speaking with a credit expert when seeking to maximize improvement. For a

complimentary credit improvement consultation, please contact Improve My Credit USA at 866-802-

3470 or get started today by clicking HERE.



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