Advice for Rebuilding Your Credit
Credit scores and an individual’s credit history can have a tremendous amount of influence over the access that he or she will have to loans, mortgages, desirable housing, job opportunities, and other things. Unfortunately, most consumers have a fairly minimal understanding of the calculations and considerations that are involved in the determination of a credit score. As a result, they are also unaware about the actions that they can take to improve a less than perfect credit score.
The Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. are committed to helping struggling debtors identify the best resolutions for their current situations. We can offer you skilled and experienced guidance in this difficult time. Contact us at 480-829-0494 to speak directly with a skilled and experienced attorney and schedule your free initial consultation.
10 Steps That May Help
Though there is a seemingly endless variety of ways that you can damage your credit, the good news is that there are also a number of things that you can do to help yourself and restore your credit. Here are ten steps that you can take that may have a positive effect on your credit score:
- Keep older accounts open
- Apply for credit with more lenient approval standards
- Pay your credit card balances down to below 30 % of the limit
- Request a credit line increase if your creditor does not post such a request as an inquiry
- Obtain secured credit
- Pay your financial obligations by the due date
- Maintain small balances instead of zero balances on your credit cards
- Utilize creditors who report both balances and credit limits to the credit bureaus
- Do not apply for credit too frequently as inquiries hurt your score
- Avoid the temptation to transfer all of your balances to one low interest card
Contact Us
For help when you need it most, turn to an attorney that you can trust. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. today at 480-829-0494 for the information and advice you need.