How to Get A Perfect Credit Score
September 7, 2008 – 9:53 amThe ultimate goal when maximizing your credit score is to reach the maximum credit score possible for each credit reference agency and then be able to maintain it at that level.
Here are just a few of the better tips to help you achieve this ideal credit score and keep it for as long as you want.
What you have to do Improve your Credit Score
Never make a late payment because any late payments, even just one, will really hurt your credit score badly and this can last for a very long time even up to 24 months in many cases and if you are unlucky it could be even longer.
Do absolutely everything humanly possible to avoid bankruptcies and court judgments against you. Although this may appear as fairly obvious advice take it very seriously. These items are extremely difficult to remove and could stay on your personal credit reports for several years.
You only need to have only two major credit cards and make sure that they are with Visa or Mastercard or American Express. If you have too much credit it might be a problem even though you might think it would be the opposite as it can affect your credit score negatively.
Similarly you should only have two store or car fuel credit cards for exactly the same reasons as mention in the above point. But at the same time remember that a wide variety of different lines of credit will help you to reach the highest credit score possible.
Always keep your credit card balances to within 15% or less of the credit limit on each card. This is a very important thing to do. If you max out your credit cards it will have a negative effect on your credit score. If possible keep the balances even lower as it has been proved that any balances at 15% or below are the best for getting a better credit score and they are good way to improve your credit rating.
Finally if you buy a house or apartment or any other property where you live and become a homeowner with a mortgage then this will a big indicator to the credit industry. This is because it shows stability and when you have a long credit history associated with a mortgage it will give you a better credit rating over time. Having a long credit history can be very important when trying to obtain that prefect credit score.
Good Luck!
