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How to improve your credit score

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Applying for a mortgage, credit card or loan? Taking out a new mobile phone or energy contract or even paying car insurance monthly? Opening a new bank account? Then you’ll want to make sure your credit score is in tip top condition! Why? Because a credit rating helps the lender decide if you are their idea of a trustworthy customer.

‘People should think of their credit report as their financial CV. You wouldn’t apply for a job and let an employer look at your CV without first checking to make sure it’s up to date and paints the best picture of your suitability for the role – so don’t apply for credit before giving similar attention to your credit report,’ says James Jones of Experian.

How does it work?

Whether you’re applying for a store card, a mortgage or a buy now pay later scheme, the lenders use different methods to calculate your credit score. The higher the score the more likely you are to get credit with the lender and, equally important, you’ll also get the best possible rates on financial products.
If your credit score isn’t great, you may still get the money but on less favourable terms, eg it could cost you more in the long run.

Keeping an eye on your credit score should be a basic for good money management.

If you get rejected for credit by one lender, it doesn’t mean they all will reject you. Different lenders look for different things and will score you differently. Credit blacklists are a myth, but if you’ve had a poor credit history or problems it will be harder for you to get credit.

how to boost you credit rating

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Get to know your credit report

All lenders use financial data provided by at least one of the UK’s three main credit reference agencies – Equifax, Experian and TransUnion (previously Callcredit).

It’s free to check your files by law and it’s important to do this regularly to make sure there are no inaccuracies. Try and check at least two of the three agencies as they won’t hold identical information about you.

TIP
Some lenders will do a ‘soft search’ or ‘quotation search’ on your credit file to tell you if you qualify and what the rate will be. This isn’t added to the data kept about you for all lenders to see. Ask the lender or use Moneysavingexpert’s own free eligibility calculator.

What to check…

Not together still?

      You may not realise it, but if you open a joint bank account or take out a mortgage with your partner or flatmate, you become ‘financially linked’ to them. If they have a bad credit rating, it could impact yours too so keep your finances separate.

      If you split up, divorce or move out, close all joint financial products, and let all three credit reference agencies know. Otherwise, your ex’s financial dealings could still have an impact on your credit score!

      how to boost your credit rating

      Malte MuellerGetty Images

      Close old accounts

      We’ve all got them cluttering up purses and bags, old store cards or credit cards we’ve stopped using, or just haven’t noticed there are redundant direct debits ticking along in the background. You may have forgotten about them but all of these things, if they are still active will be taken into account by lenders when they decide whether to lend to you. So close all accounts you don’t use or need any more.

      Moved house?

      Remember to update your address with any credit cards, mobile phone providers, etc when you move.

          Join the electoral roll

          This is the easiest step you can take to improve your chances of being accepted for credit, get on the electoral roll. Prospective lenders and credit reference agencies use this to check you are who you say you are and live where you say you live. If you move, always make sure your credit record shows correct address details and use that same address when making credit applications. Join the electoral roll via gov.uk.

          boost credit score

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          How to boost your credit rating:

          1.Pay like clockwork

          Avoid missing repayments or making them late (for anything from mortgage to utility bills) – otherwise they will stay on your credit record for up to six years. If, when you check your report, you find something on their that wasn’t your fault and can prove this, talk to your credit provider about getting the error removed.

          2. Pay off your debts

          Pay off more than the minimum repayment – this shows prospective lenders you are managing your debt well and taking it seriously. Don’t max out your card’s spending limit either – using more than 90% of a credit card’s limit can reduce your credit score.

          3. Get a credit card

          If you don’t have a credit card, it’s worth getting gone and here’s why. If you’re asking a lender for money and have no track record, it makes it harder for them to assess you. You can get card that’s designed to help you rebuild good credit. The rates on these cards are really high but as long as you repay the card in full each month you won’t be charged interest. This will build a good credit history and shows a responsible attitude to debt.

          4. Don’t apply for credit too often

          Every time a credit search is made by a lender, it leaves a ‘footprint’ on your file for a year. So, before you apply to borrow any money, do your research, check best buy credit card tables online. Too many credit searches in a short space of time looks a bit desperate and could make your application less attractive. If possible, find out if you are likely to be accepted before you buy by using an eligibility-checking service.

          ‘It will help your credit score if you let some of your credit accounts mature. For example, holding the same credit card for five years can add 20 points to your Experian Credit Score,’ says James Jones.

          Tip: If you are renting, check out schemes such as Rental Exchange and Credit Ladder to help you boost your credit score.

          Never pay for a credit repair company, if you need help with debt, go to a free debt agency such as National Debtline or Stepchange.org.

          If you’d like more great money reads, SIGN UP HERE for our fortnightly Financially Fabulous newsletter!

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      Credit Repair Companies

      3 Easy Ways to Raise Your Credit Score

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      With the average credit score among twenty years only being a 662, it is safe to say that consumers are looking for quick, legal, and safe ways to raise their credit score. However, in an era where the opportunities seem endless, it is easy to get boggled down and confused about what opportunities exist.

      Fortunately, we did the research for you, and put together a list of three easy ways for you to increase your credit score. It is important to note, that these ways are used by millions of Americans every year. They are regulated by the Government, legal, and 100% legit. Shall we begin?

      1. Consider Purchasing a Tradeline

      Do you struggle with paying your payments on time? What about paying your balance down each month? These are just a few issues consumers around the world face on a monthly basis. With a purchased tradeline, you essentially ‘buy’ your way into someone else’s credit and piggy back off their strong credit habits. Ultimately, with a tradeline, your credit score will increase overtime as your credit feels the positive effects of paying off your credit card debt each month, making routine payments, and not overspending. However, it is important to note that three credit bureaus frown upon this practice, but it is 100% legal and a rapidly growing industry. In fact, the three credit bureaus are starting to accept this practice as more and more consumers are turning to tradelines to bolster their overall credit health.  

      • Work with a Credit Repair Company

      Ever heard of a credit repair company? I hope so. Believe it or not, you may have negative items on your credit report that are holding down your credit score. Whether it is a late payment, repossession, or bankruptcy, a credit repair company can help remove these negative items from your credit report. On your behalf, they will draft and file disputes with all three credit bureaus. Additionally, they will open up their repository of financial information to help educate and train you, so you can start forming strong credit habits.

      It is important to note, that partnering with a credit repair company is never a guarantee. However, they bring years of industry experience and have results to back up their claims. Make sure you partner with a company that has been in service for years, has positive customer reviews, and is within your budget.

      • Try Out Credit Repair Software

      Like a credit repair company, credit repair software will guide you through the repair process. While the software will not fix your credit, it will walk you through each step to successfully repair your credit yourself. This option is best for those who prefer a ‘do it yourself’ approach. However, the best credit repair software is often expensive and time consuming. Nevertheless, it is still a great option if you are struggling to raise your credit score.

      Benefits of Raising Your Credit Score:

      As you can imagine, there are quite a few standout benefits of raising your credit score. First, a good credit score will allow you to refinance your loans for a more competitive interest rate, and you can apply for a credit card with better benefits. Furthermore, employers are increasingly turning towards reviewing an applicant’s credit. So, if you want to set yourself up for your dream job, then you better hope your credit score is good. While it may seem nerve-racking at first, these are the best options for consumers when it comes to raising their credit score. Make sure to do your research, read previous customers responses, and analyze each option carefully. But remember, the earlier you start the better. You want to resolve your credit issues immediately and begin forming good credit habits.



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      Credit Repair Companies

      Wealthy Operators helping aspiring homebuyers with proven credit building to buy dream home at low interest – Press Release

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      Wealthy Operators has teamed up with Keller Williams to help people find their dream home and boost their credit scores if needed, to avoid paying higher interest.

      Celebration, Florida – August 11, 2020 – Aspiring homebuyers struggling to purchase a home due to poor credit can finally heave a breath of relief. Leading credit repair company Wealthy Operators is helping to rebuild credit and maximize score with time-tested methods to enable low interest rates for home buyers on their dream homes. The company also guides home buyers to find new homes through its realty unit Keller Williams (www.wealthyoperatorsrealty.com), the #1 real estate company in the USA.

      Backed by a 100% money-back guarantee, the credit repair service is available for all 50 States.

      Wealthy Operators (both the credit repair and real estate units) is presided by esteemed realtor and credit building expert Zak Najac. A seasoned realtor for around a decade, Najac founded the credit repair company with the goal to help potential homebuyers purchase their dream home without worrying about credit issues. The credit building service also caters to people looking to sell their home and need to work on their credit prior to the sale so they can get a better interest rate on their new home! 

      “I learned the credit repair process through reading books and buying online courses because I wanted to maximize my own credit. But after becoming a realtor 6 years ago I realized there was a need for a credit repair company that could produce results quickly for potential homebuyers. Keller Williams gives us the ability to provide all of our clients with a licensed and knowledgeable realtor in their area and access to Keller Mortgage where they can qualify for money back towards their closing cost”, explained Mr. Najac. 

      (In Frame : Mr.Zak Najac)

      What separates Wealthy Operators from other regular credit repair companies is its focus on completing the credit repair service as fast as possible so that the client can move forward with the home buying process. Per the statements of Mr. Najac, regular credit repair companies generally tend to keep the client enrolled in the credit repair process as long as possible because that’s where the bulk of their income is made. But, Najac’s credit repair company is also supported by a realty firm. Hence, the team is always looking forward to get the credit repair service completed as soon as possible so that the client can be helped with finding his/her dream home. 

      “Unlike other credit building companies, we don’t keep you on wait with your credit score. It’s because, with us, you have a company who is more invested in you. It is in our best interest to help you accomplish your credit and homeowner goals as quickly as possible. With us, you have the support of both a leading credit repair company and the #1 real estate company in ONE place only.” 

      Wealthy Operators comes with years of experience in mortgage, consumer and business credit and commands high success rate in the area of credit building. The company starts the process with a free consultation and credit analysis and based on that drafts a customized strategy to address each client’s unique credit repair needs.  

      “We promise you a successful credit building service, in full compliance with legal regulations. Thanks to our huge experience in the industry, we do know a thing or two about the most effective time-tested strategies that we deploy to remove the negative items from your report and boost up your credit score. We hold the record of boosting credit scores to 70 points (on average) in no more than 3-6 months. Just a slight rise of 20 points on your credit score could lead to a difference of tens of thousands of dollars in interest saved on an average priced home and $$$ of interest saved on your credit cards or car payments”, added in Mr. Najac. 

      Speaking on, he stressed his entire team goes to every length to clean up the past of the client’s credit report. The company works with all three credit bureaus and client’s creditors to challenge each of the negative report items that affect the credit score. Mr. Najac and his team of credit experts have been successful in removing all major negative pointers from credit reports, including –

      • Late payments
      • Repossessions
      • Collections
      • Inquiries
      • Bankruptcies 
      • And more

      Every client will be guided by a seasoned case analyst and case advisor who will work personally with him/her at every step of the process. In regard to paperwork, Mr. Najac’s team will take care of the documents and submit custom dispute letters on behalf of the client. Clients will be given complete access to their case status and updated information at timely intervals 24/7. 

      “We are here to help you change your future and support you with better purchasing power, irrespective of your credit status at the moment. We hold a proven track record of helping clients to raise their credit score quickly and effectively so that they can purchase their long cherished home fast – and that too at a low interest rate. We guarantee dependability and honesty, the two major virtues hard to find with other credit building companies today.” 

      While asked about the realty service, Mr. Najac promised the most comprehensive support for aspiring homebuyers from the whole Keller Williams team. Mr. Najac and his seasoned team of realtors are known in the community for an ethical and dependable service for both home buyers and home sellers.  

      “We have the best real estate agents in the nation waiting to represent you. We promise to find you your dream home, just as per your preferred location, budget and type. We hold access to a vast and versatile listing which enables us to cater to a wide range of requirements of aspiring home owners. Alongside, we ensure to be by your side at every step of the process, right from boosting your credit to locating your dream home to handling the paper works to negotiating the deal to moving and so on. Customer convenience is the most important thing for us.”

      Wealthy Operators has received a long line of rave reviews for its successful credit building service from happy home buyers – 

      I honestly can’t thank you guys enough! Never thought I’d be able to own my own home at 24!
      Next stop… 800 CLUB!” ​-
      Cameron R.

      “Thank you Zak and the team at Wealthy Operators! My credit score went from 530 to 710 in about 3 months! I’m still shocked!”​ – Ashley P.

      For more information, please visit www.wealthyoperator.com and www.wealthyoperatorsrealty.com.

      Media Contact
      Company Name: Wealthy Operators
      Contact Person: Zak Najac
      Email: Send Email
      City: Celebration
      State: Florida
      Country: United States
      Website: www.wealthyoperatorsrealty.com



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      Credit Repair Companies

      Helping people get a fresh start to their lives through his robust financial services company is Solomon Lacy

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      His company is a modern-take on changing people’s lives by earning them more profits and making them financially independent.

      People always fear to talk about their financial decisions, perhaps because they have lacked confidence and courage to make the right decisions in life. Especially after retirement, many people are clueless about how to make an income or earn some profits making certain financial decisions. Experts and professionals are what individuals need to make them understand the value of credit scores and building the same. One such learned professional in the financial services industry, also one of the leading credit building gurus is Solomon Lacy III from Atlanta, the US.

      Lacy is the man behind the financial success of many individuals and families, who has shown them the right path and has taken them towards their desired lives by scaling their businesses and making them financially independent. Lacy is a Flint, Michigan native and graduated from the Alabama State University. Football always attracted him and so in high school and college, he played like a professional. Growing up, he realized there was a lot to be done and achieve in the corporate world and thus, started his journey into the financial space.

      Lacy joined Home Depot as a corporate recruiter and working in the company made him understand that his life’s purpose was much bigger than what he did; it is to help others and guide them in their journey to attain their American dream through financial freedom. Since scores always played a huge role in his life from the time of his football days, he initiated his firm called Fresh Start Financials Group. The company began its operations first as a boutique credit repair company and then with the passage of time, gained more popularity and became a growing financial services company.

      To help people overcome all the challenges with credit and funding, Lacy and his company provide tools and the necessary steps to make them achieve what they desire. Lacy has earned degrees in business and political science, and a masters degree in clinical and mental health therapy, from the Alabama State. The knowledge he has gained as a therapist has helped Lacy understand people and their various decisions more, helping him to build stronger relations with all his clients.

      While working at the Home Depot, Lacy learnt the significance of customer service. Later, he became a consultant in the PEO (professional employer organization) field, which made him focus on workers’ compensation and small business services. This experience made him expand his business network and he gained the confidence to come up with his company.

      Due to credit barriers, all the individuals and credit owners who do not gain funding, Lacy’s Fresh Start Financials Group offer a range of services to people that can help them with repairing and strengthening the credit. Lacy has helped more than 1,000 families and helped clients attain over $25 million in funding. His company also helps people and business owners by facilitating investments in Amazon and Shopify stores and opportunities in real estate as well allowing them to earn passive income for the long term.

      Guiding people on the right path and educating people to use the credit to their advantage, leading to flourishing results has made Solomon Lacy III, the successful entrepreneur he is today.

      Instagram : https://instagram.com/solomonlacyiii



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