Credit Secrets
You should be very careful when it comes to your credit because this is very important to you and your financial future. This means that if you have a family or want one in the future, then you need to be protecting it as well. There are many credit secrets out there that you need to know to help you build and protect your report. Here are a few of them to get you started.
First, you want to keep on top of your report at all times. You should pull your report from all three bureaus at least 2 times a year, but it is best if you do this once a quarter or 4 times a year. This will help you to know what is going on your report and what is coming off of it. It will also help you to see if someone has stolen your identity or not.
Second, the best of the credit secrets is to know that you have to pay off debts from your negative side to improve your score. However, most of the credit secrets will not tell you that it does not matter how large these debts are, but it matter how many you have so pay the smallest ones off first.
Last, you also want to build the positive side up with credit cards. Just make sure you never carry a balance that is more than 25% of your actual credit limit or this will actually hurt your score. Also, prepaid credit cards can be used to build credit also.
