Simple Tips for Improving Your Credit Score

Anthony Pierpont Realtor
Anthony Pierpont

Since 2002, Anthony Pierpont has led Royal Commercial Capital as the Minneapolis-based company’s owner and manager. In addition, Anthony Pierpont serves as a residential and commercial realtor for RES Realty, where he educates customers about mortgages and the importance of maintaining good credit.

One of the easiest ways to improve your credit profile is to make timely payments. Setting up payment reminders or automatic payments through your credit card or loan providers can ensure that all of your accounts remain current and in good standing.

Reducing the amount of debt you owe is another way to improve your credit score, but doing so can sometimes prove to be a bit challenging. The first step to reducing debt is to stop using credit cards. It is also a good idea to examine all of your accounts and then create a payment plan that will allow you to pay down the highest-interest cards first, which will free up funds for other bills.

Furthermore, it is important that once you reduce your debt, you avoid applying for additional credit that you do not need. Each time you apply for a loan or credit card, creditors obtain a copy of your credit report. Even if your application is withdrawn or rejected, these credit inquiries will negatively affect your overall credit score.

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