How to Reduce Debt and Improve Your Credit Score

submit to reddit

Submit Your Tip

How to Reduce Debt and Improve Your Credit Score – This is a place for the community to provide tips and advice on How to Reduce Debt and Improve Your Credit Score. This topic was created by Solveig Randby and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Votes

Tips

1
- Vote
Tip 1
6 Simple Steps to Improve Your Credit Score More
Published: 9 years, 3 month(s) ago by webstrikercom | permalink
Vote
A high credit score qualifies you for the best and cheapest financial products. These 6 simple steps help improve your credit score.

For further reading: http://www.magnifymoney.com/blog/building-credit/6-simple-steps-to-improve-your-credit-score1106518423/ ^[1]

1
- Vote
Tip 2
How can I raise my credit quicky? More
Published: 9 years, 3 month(s) ago by Kwiatek | permalink
Vote
It is always good to have various different types of credit so more then just credit cards. Also if you pay off your cards that will help as well. If you do not have a car loan I would suggest getting a car if you really want or need one to add a different type of credit to your file. Make sure you pay on time is a given and maybe one more card or a credit line increase might help depending on what your income to debt ratio is.
Tags: calculator, calculators, calculate, loans, interest, mortgages, finance, savings, credit scores, credit trends

For further reading: https://www.creditkarma.com/question/how-can-i-raise-my-credit-quicky ^[2]

1
- Vote
Tip 3
Tips for Improving Your Credit: Your Amount of Debt | Credit.com More
Published: 9 years, 3 month(s) ago by Christian Ki Ke P Cnvdia | permalink
Vote
Can reducing your debt balances boost your credit scores? Learn simple steps you can take to ensure that you're earning the most points from this category.

For further reading: http://www.credit.com/credit-reports/tips-for-improving-your-credit-your-amount-of-debt/ ^[3]

1
- Vote
Tip 4
7 Ways to Improve Your Credit Score Fast More
Published: 9 years, 3 month(s) ago by John Mastracchio | permalink
Vote

For further reading: http://www.parents.com/parenting/money/family-finances/improve-your-credit-score-fast/ ^[4]

1
- Vote
Tip 5
How to Pay Down Credit Cards to Boost Your Credit Score More
Published: 9 years, 3 month(s) ago by walter nichols | permalink
Vote
Say goodbye to your maxed-out cards with this debt payment plan.
Tags: personal finance,credit,credit scores,credit cards,debt,income,money,Abby Hayes

For further reading: http://money.usnews.com/money/blogs/my-money/2014/05/11/how-to-pay-down-credit-cards-to-boost-your-credit-score ^[5]

1
- Vote
Tip 6
Do Balance Transfers Affect My Credit Score? | Discover More
Published: 9 years, 3 month(s) ago by Ariel Delgado | permalink
Vote
Considering transfering a balance to reduce your APR on another credit card? Learn if and how a balance transfer may affect your credit score.

For further reading: https://www.discover.com/credit-cards/resources/balance-transfers/balance-transfer-credit-score ^[6]

About Author

More by Solveig Randby

No more topics...

About This Topic

Category: Fun | 9 years, 3 month(s) ago

7.6k+ Reads

6 Tips

6 Votes

0 Likes

0 Saved

Contributors

walter nichols, Ariel Delgado, Kwiatek, John Mastracchio, webstrikercom, Christian Ki Ke P Cnvdia

References & Citations

1. http://www.magnifymoney.com/blog/building-credit/6-simple-steps-to-improve-your-credit-score1106518423/

2. https://www.creditkarma.com/question/how-can-i-raise-my-credit-quicky

3. http://www.credit.com/credit-reports/tips-for-improving-your-credit-your-amount-of-debt/

4. http://www.parents.com/parenting/money/family-finances/improve-your-credit-score-fast/

5. http://money.usnews.com/money/blogs/my-money/2014/05/11/how-to-pay-down-credit-cards-to-boost-your-credit-score

6. https://www.discover.com/credit-cards/resources/balance-transfers/balance-transfer-credit-score