December 14th, 2011
How can I get a better
credit score?
Good
Afternoon Everyone! I felt the need to share this morning. People ask
me about credit all the time. They ask, "Casey, how can I get a better
credit score?" Here it is? simple, straight forward and to the point.
This is something I wish they would put on the curriculum in every high
school. Mandatory learning! Are you ready? #1) Get a small credit card.
Somewhere on the limit of $500. #2) USE the card for SMALL purchases.
Get a hamburger, buy a soda, get a movie. #3) PAY IT OFF IN FULL! I
can't stress this enough. Pay off your credit cards in full every month.
I know it seems hard if you have major debt, but you must start
somewhere. Keep this in mind when you use your card?. Do I have enough
money in the bank to pay off this purchase today? Pretend that your
credit card is cash and that you are not borrowing, but using YOUR money
because it IS. Your credit at risk! I guarantee you that is you follow
these simple steps for 6 months, you will raise your FICO score by 50 to
75 basis points. Keep it simple and use your credit to gain a future
where banks will look for you.
The next step? Raise your credit limit!
December 3rd, 2011