Tom Corson-Knowles - 33 Ways to Raise Your Credit Score: Proven Strategies to Improve Your Credit & Get Out of Debt

33 Ways To Raise Your Credit Score

Proven Strategies To Improve Your Credit and Get Out of Debt

Tom Corson-Knowles

Copyright 2012, 2014, 2016 by Tom Corson-Knowles

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When addressing financial matters in any of our books, sites, videos, newsletters or other content, weve taken every effort to ensure we accurately represent our products and services and their ability to improve your life or grow your business. However, there is no guarantee that you will get any results or earn any money using any of our ideas, tools, strategies or recommendations, and we do not purport any get rich schemes in any of our content. Nothing in this book is a promise or guarantee of earnings. Your level of success in attaining similar results is dependent upon a number of factors including your skill, knowledge, ability, dedication, business savvy, network, and financial situation, to name a few. Because these factors differ according to individuals, we cannot and do not guarantee your success, income level, or ability to earn revenue. You alone are responsible for your actions and results in life and business. Any forward-looking statements outlined in this book or on our Sites are simply our opinion and thus are not guarantees or promises for actual performance. It should be clear to you that by law we make no guarantees that you will achieve any results from our ideas or models presented in this book or on our Sites, and we offer no professional legal, medical, psychological or financial advice.

The truth is, theres a lot of bogus information out there about credit scores. I had challenges with credit card debt and a low credit score early in life and I dont want anyone else to have to struggle like I did.

Ive spent years researching credit scores and have several years of experience in the debt collection and credit card industry. In this book, you will find only accurate, clear and helpful information to help you improve your credit score and get out of debt.

Not only will you learn about how the FICO credit score formula works, but youll learn 33 quick and simple ways you can immediately improve your credit score. Some of these strategies are so simple that you could improve your credit score by 20-30 points with just one of these strategies in just a single day. Other strategies may take time to pay off, but can be very rewarding.

Whether youre trying to get out of debt, qualify for a better rate on your mortgage or auto loan, or just want to take better care of your finances, this book will help.

You wont find any fluff, jargon or confusing language in here. Just real, helpful down-to-earth facts about how to improve your credit score and take back control of your financial life.

Heres to your success!

Tom Corson-Knowles

Most people think a credit score is just a nice thing to have, but good credit can do a lot more than you might think. A good credit score is an asset you can use in many ways to save you a lot of money, time, energy and effort.

The average American could save thousands of dollars a year simply by improving their credit score. Heres how...

Interest rates are determined in large measure by your credit score. Having a higher credit score can dramatically lower your interest rates on credit cards and loans, meaning potentially thousands of dollars in savings. You can use all that saved money from lower interest to pay down debt, save for your childs education and for retirement. Now thats smart financial management!

Simply by managing your credit score better, you can reduce your interest rates, save thousands of dollars, use those extra savings to pay down debt, and get ahead financially. Over a 10, 20, 30 or 40 year timeline, those savings on interest alone could be the difference between you owning your home free and clear and going through foreclosure.

If you have a low credit score, it can be difficult to get accepted for a loan, mortgage or credit card. Having an excellent credit score doesnt guarantee approval, but it greatly increases your chances. If youre looking to buy a new home or car anytime in the next few years, its important to start improving your credit score starting right now.

Your borrowing capacity is based on your income and your credit score. With a good credit score, banks are willing to let you borrow more money because youve demonstrated that you pay back what you borrow on time. If you do get approved with a bad credit score, youll probably only be approved for a small amount, which may not be enough to accomplish your goals.

With a good credit score, you can often negotiate a lower interest rate on your credit card or a new loan. When you have great credit, most companies will work with you to offer better terms, knowing that you will be a good customer who pays their bills on time.

Dont be afraid to negotiate hard with good credit! Just as much as you need a loan, banks and credit card companies need new customers. Feel free to play one bank or offer against another to get the best deal possible for you. But you cant do that as effectively without a strong credit score for bargaining power.

Most landlords check your credit history as part of the standard rental application screening process. Many landlords will gladly accept an applicant with good credit and will do whatever they can to avoid applicants with bad credit. If youre looking for a good place to rent, you better make sure you have good credit.

Car insurance companies will give huge discounts to customers with good credit. Having bad credit can increase your insurance rates by as much as $100 or more. Insurance companies say that people with bad credit tend to file more claims are therefore penalized with a higher insurance premium. What would you do with a few hundred dollars?

If you have poor credit, many cell phone service providers will not give you a contract. You might have to choose a pay-as-you-go plan and pay much more for your cell phone. On the other hand, customers with good credit have no problem getting a cell phone service contract and tend to get great discounts on phones as well, which could mean up to $500 in savings.

Utility security deposits can range from $100 to $200 and are an expense you can avoid simply by having good credit.

I hope youre beginning to see how improving your credit score can help you save thousands of dollars a year. Its sad but true that those who have bad credit get treated worse and charged more. Youll have a harder time getting loans, and will tend to get dinged for more unexpected fees from utilities, cell phone companies and other companies simply because you have a low credit score.

The truth is you dont have to earn more money to have more money. Simply by managing and improving your credit score, you can start to keep more of your hard-earned money!