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Help Your Credit
   5 Simple Steps




                    1
Step 1: Pay Your Bills

   Setup an bullet proof system for paying your bills
    •   Sign up for bill pay through your bank
    •   Sign up for payment alerts from your credit cards
    •   Setup alerts in your digital calendar or phone
    •   Do whatever it takes to ensure you never miss a payment

    How you pay your bills is the biggest positive or
        negative factor in scoring your credit



                                                                  2
Step 2: Credit Utilization


    Use a small percentage of your available credit
    • Good credit scores are balance of using credit, but not too much
    • Using more than 50% of your available credit is considered risky
    • Excellent credit scores typical use less than 30% of their credit

   Regularly check your credit report and score to see
      how your use of credit is seen by creditors.



                                                                          3
Step 3: Dispute Inaccuracies


 Dispute errors and inaccuracies on your credit report
    • Over 19% of credit reports have mistakes
    • Once corrected, nearly 1% errors raise scores more than 20 points
    • You don’t want to be the 1%

  Are you the 1%? Regular review of your credit report
         and score will keep you out of the 1%.



                                                                          4
Step 4: Applying for Credit


   Avoid applying for lots of new credit at one time
    • When you apply for new credit, the lender does a “hard” credit inquiry
    • Credit inquiries are reported and scored negatively
    • Numerous credit applications can ding your credit score

      Watch your credit report for unknown credit
    inquiries. These can alert your to identity fraud.



                                                                               5
Step 5: Closing Credit Cards


    Don’t Close Credit Card Accounts You Don’t Use
    • Closing credit cards can lower your available credit
    • Your percentage of credit use will suddenly
    • Credit (use) utilization is a major credit scoring factor

  Track your credit utilization with a monthly review of
          your accounts on your credit report.



                                                                  6
How is Your Credit Doing?


   Regularly review of your credit report and score
   • Check for mistakes and inaccuracies
   • Protect yourself from identity fraud
   • Look for opportunities to improve

  Get a Free Credit Report and Score every 6 months
                   from Quizzle.com



                                                      7

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5 Steps to Help Your Credit - Quizzle.com

  • 1. Help Your Credit 5 Simple Steps 1
  • 2. Step 1: Pay Your Bills Setup an bullet proof system for paying your bills • Sign up for bill pay through your bank • Sign up for payment alerts from your credit cards • Setup alerts in your digital calendar or phone • Do whatever it takes to ensure you never miss a payment How you pay your bills is the biggest positive or negative factor in scoring your credit 2
  • 3. Step 2: Credit Utilization Use a small percentage of your available credit • Good credit scores are balance of using credit, but not too much • Using more than 50% of your available credit is considered risky • Excellent credit scores typical use less than 30% of their credit Regularly check your credit report and score to see how your use of credit is seen by creditors. 3
  • 4. Step 3: Dispute Inaccuracies Dispute errors and inaccuracies on your credit report • Over 19% of credit reports have mistakes • Once corrected, nearly 1% errors raise scores more than 20 points • You don’t want to be the 1% Are you the 1%? Regular review of your credit report and score will keep you out of the 1%. 4
  • 5. Step 4: Applying for Credit Avoid applying for lots of new credit at one time • When you apply for new credit, the lender does a “hard” credit inquiry • Credit inquiries are reported and scored negatively • Numerous credit applications can ding your credit score Watch your credit report for unknown credit inquiries. These can alert your to identity fraud. 5
  • 6. Step 5: Closing Credit Cards Don’t Close Credit Card Accounts You Don’t Use • Closing credit cards can lower your available credit • Your percentage of credit use will suddenly • Credit (use) utilization is a major credit scoring factor Track your credit utilization with a monthly review of your accounts on your credit report. 6
  • 7. How is Your Credit Doing? Regularly review of your credit report and score • Check for mistakes and inaccuracies • Protect yourself from identity fraud • Look for opportunities to improve Get a Free Credit Report and Score every 6 months from Quizzle.com 7