4 Steps to Get Good Credit

<h1>4 Steps to Get Good Credit</h1>Author: <a title="Larry L. Taylor" href="http://www.articlesbase.com/authors/larry-l.-taylor/65005.htm">Larry L. Taylor</a>   I'm sure we can all agree on how important it is to have a good credit rating.  This is because your being viewed as worthy of credit is based on this credit rating. A bad credit history or bad credit habits will place “black marks” on your credit profile.  Late payments, having an account assigned to a collection agency, and of course bankruptcy will get you a bad credit rating.   Establishing good credit habits and therefore a good credit rating will improve your credit worthiness.  This will be reflected in lenders extending to you substantially lower interest rates and better deals on credit offers. Here are 4 tips to help you create a glowing credit rating: 1.  Pay Your Bills On Time Lenders only have your past payment history on which to decide the type of credit risk you present to them.  How you pay off your debts now indicates to them how you will pay off future debts. 2.  Don’t Use Too Many or Too Few Credit Cards How many? Credit experts and financial planners suggest two to four credit cards is just right. 3.   Pay At Least The Minimum Due Always pay at least the minimum due payment, but never less.  And remember, just paying the minimum payment means it will take you years and years to pay off that credit card. Paying off a $2,000 credit payment at 18% APR with a minimum monthly payment of 2% ($40 dollars or less) will take you 30 years to pay off the amount plus interest. 4.  Review Your Credit Report Regularly Monitor your credit report from all three major credit bureaus - Experian, TransUnion, and Equifax - on a regular basis.  Check your credit profile at least annually.   Review it carefully and make sure that any past mistakes or disputes have been corrected. If you notice an account listed that you know that you have not personally opened, contact that creditor and the credit bureaus immediately.  This could be a sign that you’ve had your identity stolen. Request to have a fraud alert placed on your profile and account to protect yourself and your credit.  Identity theft is the fastest growing consumer crime in America, with an estimated 1 million people victimized each year. Establish good credit habits early in life and reap the benefits that your good credit rating will provide you for the rest of your financial future. And now please visit the ACreditInfo website listed below for updated information on Credit and Debt Help.  About the Author: And now I would like to invite you to visit <a target="_blank" href="http://www.ACreditInfo.com">http://www.ACreditInfo.com</a> for FREE Instant Access to more information on How <a target="_new" href="http://www.acreditinfo.com">Credit Cards Work</a> available at <a target="_blank" href="http://www.ACreditInfo.com">http://www.ACreditInfo.com</a>
Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/credit-articles/4-steps-to-get-good-credit-1335474.html" title="4 Steps to Get Good Credit">4 Steps to Get Good Credit</a>

I'm sure we can all agree on how important it is to have a good credit rating. This is because your being viewed as worthy of credit is based on this credit rating.

A bad credit history or bad credit habits will place “black marks” on your credit profile. Late payments, having an account assigned to a collection agency, and of course bankruptcy will get you a bad credit rating.

Establishing good credit habits and therefore a good credit rating will improve your credit worthiness. This will be reflected in lenders extending to you substantially lower interest rates and better deals on credit offers.

Here are 4 tips to help you create a glowing credit rating:

1. Pay Your Bills On Time
Lenders only have your past payment history on which to decide the type of credit risk you present to them. How you pay off your debts now indicates to them how you will pay off future debts.

2. Don’t Use Too Many or Too Few Credit Cards

How many? Credit experts and financial planners suggest two to four credit cards is just right.

3. Pay At Least The Minimum Due

Always pay at least the minimum due payment, but never less. And remember, just paying the minimum payment means it will take you years and years to pay off that credit card.

Paying off a $2,000 credit payment at 18% APR with a minimum monthly payment of 2% ($40 dollars or less) will take you 30 years to pay off the amount plus interest.

4. Review Your Credit Report Regularly

Monitor your credit report from all three major credit bureaus - Experian, TransUnion, and Equifax - on a regular basis. Check your credit profile at least annually. Review it carefully and make sure that any past mistakes or disputes have been corrected.

If you notice an account listed that you know that you have not personally opened, contact that creditor and the credit bureaus immediately. This could be a sign that you’ve had your identity stolen.

Request to have a fraud alert placed on your profile and account to protect yourself and your credit.

Identity theft is the fastest growing consumer crime in America, with an estimated 1 million people victimized each year.

Establish good credit habits early in life and reap the benefits that your good credit rating will provide you for the rest of your financial future.

And now please visit the ACreditInfo website listed below for updated information on Credit and Debt Help.

And now I would like to invite you to visit http://www.ACreditInfo.com for FREE Instant Access to more information on How Credit Cards Work available at http://www.ACreditInfo.com

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