Through these chapters we hope you have concluded that there is a way to improve your credit scores. We can teach you everything you need to know about credit repair, but in the end, the results are up to you. For your convenience we have gathered a short list of the tutorial highlights.
- Build Credit Now: If you do not have credit, make sure you get some. Various credit-building options were mentioned in the previous two sections.
- Timely Payments: Make sure you are paying all your bills on time. This will show lenders you are responsible and capable of handling more credit if the need arises.
- Keep a History: Be cautious of opening and closing accounts. Closing accounts with a long history are not usually a good idea unless you have plenty of other open credit. Do not open new accounts during credit repair unless your open credit is limited.
- Manage Credit Cards: Keep your credit card balances below 20% of their limit. Also, stick to mainstream brands like American Express, Discover, MasterCard, and Visa.
- Minimal Inquiries: Do not make credit inquiries unless it will be beneficial to your credit repair.
- Find Someone You Trust: If you need a quick credit history, try being an authorized user to someone trustworthy.
Remember, the key to credit repair is thinking like FICO. The more you know about the FICO scoring model, the more equipped you will be to improve your credit scores.