Improve Credit Score

• Establishing Positive Credit (Part II of II)

  Yesterday, we presented part I of a two part series called “Establishing Positive Credit”.  We continue the series today, with a number of additional tips that can help you establish credit and improve your credit score.

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• Establishing Positive Credit (Part I of II)

  Every one wants to have a good credit score; however this is easier said than done. For anyone to have good credit they will need to establish good credit accounts and maintain them in the way you and your creditors have agreed. Remember, a borrower with no credit is treated like one with poor credit! Credit scores work like the scales of justice, you need to have more positive accounts on your credit than negative accounts if you are going to be considered for credit on major purchases.

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• The Right Way to Do a Credit Inquiry

  So you need to buy something on credit. What do you do? If you are like most people you walk in to someone’s business and tell them you need to buy something. You will both negotiate a price for the needed item; once this is settled you fill out a credit application so they can go run a credit inquiry to see if you will be approved. Sound familiar? This is the wrong way to do a credit inquiry, especially if you are credit challenged.

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