five quick ways to improve your credit

8
Five Quick Ways to Improve Your Credit

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Page 1: Five Quick Ways to Improve Your Credit

Five Quick Ways to Improve Your Credit

Page 2: Five Quick Ways to Improve Your Credit

Why You Need Good Credit• If you want a credit card, a home, or

even a job, your credit score matters. • Missed payments, high credit utilization,

and inquiries can all lower your score very fast.

• But are there ways to improve your score quickly too? The answer is yes…there are some things you can do to help the process along.

Page 3: Five Quick Ways to Improve Your Credit

Get a Free Credit Report• You are entitled to a free credit report

from all 3 major credit bureaus each year.

• Look at each one closely as each has different information reported.

• Scrutinize the reports for any errors that may affect your score and notify the credit bureau immediately.

Page 4: Five Quick Ways to Improve Your Credit

Get a New Credit Card• There are credit cards for bad credit

designed specifically to help you improve your credit score.

• Make sure the card reports to all three (3) major credit bureaus like a secured credit card.

• Look out for prepaid cards that charge exorbitant fees; these are not the right type of card to help you improve your score because they don’t report to the credit bureaus

Page 5: Five Quick Ways to Improve Your Credit

Negotiate• See if you can work out a payment

plan to get your debt down.• Write a letter to your creditor to see if

they'll remove poor marks.• If you were a good customer in the

past, they may agree.

Page 6: Five Quick Ways to Improve Your Credit

Get Your Credit Utilization Down• Credit utilization is one of the most important criteria for a credit

score.• Set a goal to get utilization down to under 33%.• If you can, ask for an increase in credit limit. For a secured credit

card, you will need to increase your security deposit.

Page 7: Five Quick Ways to Improve Your Credit

Learn to Budget• Don't use your cards unless

you have to.• Write your expenses down

and create a budget.• Set up automated payments

to make sure everything is paid on time.

Page 8: Five Quick Ways to Improve Your Credit

Learn more about UNITY VisaApply for a second chance!

www.unityvisa.com(877) 663-8648

100 Franklin Street, Boston, MA 02110