Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
Related Definitions
Related Categories
Tip of the Day

Tip of the Day Avoid Fees

Avoid Fees - When using long-term investments as a money-earning vehicle, it is wise to remember that any returns that are made on that money must deduct any fees paid...

read entire tip

Recently Added
Other Great Sites
 

Credit Rating Repair

Not everyone is blessed with a good credit score. A mistake or two can leave a person with a severely damaged credit record, but there are ways to do credit rating repair jobs.

One way to credit rating repair is to pay off something quickly. If a consumer can get a loan and pay it back rapidly, it looks very good on a credit score. Showing this kind of responsibility will provide some credit rating repair.

Keeping up with common bills will help credit rating repair. Items like electric bills and apartment rent can be part of a person’s credit history and can be either a help or a hindrance. If a consumer makes sure they pay their cable bill on time every month, stays current with their cell phone bill and isn’t late with the rent, this can provide some a few steps forward in the process of working to credit rating repair.

Credit cards can be the biggest creator of credit score problems, but they can also help credit rating repair as well. If a consumer has a couple of credit cards, uses them a few times a month and pays off their balance, this can be very beneficial to them. If the credit card company sees constant use, but also sees that payments are made consistently, that is very favorable for the card holder.

Big ticket items can ruin a credit record, but can also aid credit rating repair when approached appropriately. Getting behind on car payments is an immediate problem and a red flag on a credit report, but making car payments on time is a sign of the responsibility lenders look for. If, by some possibility, a car payment can be paid off early, that will certainly be a boost to a credit score.

A mortgage can be a destroyer of a credit record or a big help. Keeping current with house payments and paying down the principle ahead of schedule will be a very positive note on a credit report. Mortgages usually serve as the biggest single credit agreement a consumer is involved with, and keeping up to date with payments will be highly beneficial for their credit score.

Discuss It!
Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Quick Ratio

Definition: A ratio that measures a company's ability to meet its current liabilities with its liquid assets. TeenAnalyst Advice: It's important that a company be able to pay their debts and other ...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com