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5 Keys to Unlocking a Better Credit Score

submitted on June 15, 2010 by pablos17 in "Member's Lounge"
Sometimes people get in over their heads. They rack up so much debt that they're unable to make consistent interest and principal payments. When you're late or unable to make payments, your credit rating suffers. This reduces creditworthiness, and ultimately, it inhibits your ability to access financing.

The good news is that there are things consumers with less than stellar credit can do to improve their standing among lenders and to rebuild their credit score. In this article, we will look at techniques you can use to improve your stats.

Tip No. 1 -- Pay More Than the Minimum
Tip No. 2 -- Work Out a Plan
Tip No. 3 -- Switch from Credit to Debit Cards
Tip No. 4 -- Cut Up Those Store Cards
Tip No. 5 -- Add Comments to Your Credit Report
1. Do you have more than one major credit card?
2. Do you apply for store credit cards for the extra discount?
3. When was the last time you ordered a copy of your credit report?
 Within 1 year
 1 - 2 years ago
 Over 3 years ago
4. Have you even been a victim to identity theft?
 or See Results 


  • 66547
    Posted by YanBz on June 16, 2010 [reply] 0 0
    Kohl's store card is probably one of the few that are worth applying for. I think we are going to apply next time we go shopping at Kohl's
  • 66568
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    Posted by pablos17 on June 16, 2010 [reply] 0 0
    JC Penney cards are somewhat worth it in that you are able to receive special coupons that non-cardholders are not privy to. Offers like $10 off $10 and $10 off $25.

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