Credit made simple
6 Credit Dos and Don’ts:
- DO keep your credit card balances from running too high. Large amounts of outstanding debt can harm your score
- DO set up payment reminders via email or text. A history of on-time payments is a surefire way to improve.
- DO target debts with the highest rates and the highest balances. Come up with a payment plan that fits your financial situation and takes aim at high-interest and high-balance debts to build your score.
- DON’T move debt around. Shifting funds is not a solution. Pay it off as soon as possible.
- DON’T open credit cards unless you actually need them. You could put your score in jeopardy.
- DON’T close credit cards you haven’t used to give your score a quick boost. Closing cards can actually have the opposite affect and lower your score.
GUARANTEED RATE IS NOT A CREDIT REPAIR COMPANY, CREDIT REPORTING AGENCY, BROKER OR ADVISOR.
You acknowledge that Guaranteed Rate is not a credit repair company or similarly regulated organization under applicable laws, and does not provide credit repair services. Where available, recommendations, tips and education materials are provided to you at no additional charge, and for educational purposes only. The services are intended to provide you with general information and assist you with identifying your options. The information is provided only to enable you to make your own choices about your personal finance, and is not intended to provide, legal, tax or financial advice. We do not provide any services to repair or improve your credit profile or score, nor do we provide any representation that the information we provide will actually repair or improve your profile. Consult the services of a competent professional when you need any type of assistance.
You acknowledge that Guaranteed Rate is not a “consumer reporting agency” as that term is defined in the Fair Credit Reporting Act as amended.