Debt Settlement Advisor

Review your credit report

If you have never done so in the past, it is time to order a free copy of your credit report. Review the information on it so that you can clean it up. Dispute the wrong information and address the negative items that are hurting your credit score.

Review your credit score

It is more important to check your credit score before applying for credit. Order a copy of your credit score to see where you stand with the lenders.

Pay your balances in full

Start paying off the balances on your credit card more aggressively till they are completely paid off. After that make it a point to charge only what you can afford to pay off completely at the end of each month.

Read full article…

Calculate your credit utilization so that you can improve your credit score.

Credit utilization is 30% of your credit score calculation. Calculating it is simple. Knowing your credit utilization will help you stay under 30% of utilization ratio which is best for your credit score. The way to calculate your credit score is as follows:

1) Take out your credit card statement and see what the credit limit is. This is usually mentioned on top of the statement along with the name and address. If it is not there and you do not know, call up your creditor to find out.

2) See the balance on your credit card and divide the balance on your credit card by the total credit limit.

3) Next multiply the number that you get in step 2 by 100.

This is your credit utilization ratio.

Read full article…