How To Dramatically Increase Your Credit Score

Of course, one of the obvious ways to increase your credit score is simply to pay your bills on time, which of course you need to do. However, there's a more proactive approach to raising your credit score that's easy to do and makes the process quicker!

Let's say you have a Visa card with a $1,000.00 credit limit. Starting today you can use your $1,000.00 line of credit to increase your credit score and it doesn't matter if the credit card is secured or non-secured. The only thing that matters is that your credit card payments are reported to the credit bureau.

Each month you probably pay an electric bill, phone bill, water bill, car insurance and other types of bills which are generally not reported to the credit bureau unless you have an outstanding balance and refuse to pay it. The trick is to pay all these bills each month using your credit card, which does report to the credit bureau. Remember, you can even pay your groceries and fuel purchases for your car using a credit card. As long as the bill can be paid using a credit card you're ok. The next step is to apply the same money you were going to spend for the bills directly to your credit card bringing the balance to zero each month. Each month you charge your credit card then pay it off to reflect a positive payment history and you'll increase your credit score.

If you have a credit card with a large enough credit line, you can easily pay your car payment or even a mortgage payment. Even if you don't have a large enough credit line or can't get a non-secured credit card, you can still get a secured credit card from your local bank. Once this is done, deposit the same money you were going to use to pay your bills into your secured credit card account and simply use your secured credit card to pay your bills.

When using this method you can also use two credit cards showing more accounts with positive activity, which can work in your favor. However, don't get carried away! Having too many active credit card accounts or open lines of credit will also work against you.

Note: Debit cards with the Visa logo that come directly out of your checking account don't count. The credit card you're using must be set-up as a true credit card with the payments reported to the credit bureau.



Now your bills are being paid on time and you're maximizing your credit score with every bill you pay using your credit card reflecting a positive payment history for both your bills and your credit card.

Remember, this costs you very little to accomplish. All you may end up paying is a few dollars in interest, if that. The benefits you'll receive as your credit score increases will far outweigh a few dollars per month.

THE KEY HERE IS TO ALWAYS USE THE MONEY YOU WERE GOING TO ALREADY USE TO PAY YOUR BILLS TO PAY THE CREDIT CARD YOU'RE NOW USING TO PAY YOUR BILLS, BRINGING THE BALANCE TO ZERO EACH MONTH. NEVER MAKE THE MISTAKE OF THINKING YOU HAVE ALL THIS MONEY AT THE END OF THE MONTH AND ONLY PAYING THE MINIMUM PAYMENT TO THE CREDIT CARD. PAY THE CREDIT CARD DOWN TO A VERY SMALL BALANCE EACH MONTH! I CAN'T STRESS TO YOU ENOUGH HOW IMPORTANT THIS STEP IS. BY NOT DOING SO, YOU'LL END UP MORE AND MORE IN DEBT.

Note: The reason it is important to leave a small balance every month on your credit card is that banks like to see that you are paying interest, which helps raise your credit score. A $20 or $30 balance will work fine.

Of course, the only bills this will work on are those you can use a credit card to pay. I believe you'll find you can pay most of your bills with a credit card.

Once again let me remind you AS STATED THROUGHOUT OUR WEBSITE YOUR CREDIT HISTORY HAS NO IMPACT ON ACQUIRING REAL ESTATE WHEN YOU WORK WITH US.

This information is provided as a gift to you with no strings attached.

I hope to hear from you soon.