How To Improve Your Credit Score - The Hack Network

Credit Score is a prevalent topic people talk about nowadays, and often wonder what it means. To get access to a secured credit card, you must make sure that your credit score is down. You are using this credit card to build a history that will assist you to obtain a better credit reporting history. Your chances of getting a loan become increased because the credit card will help you create a new credit score rating. Getting a mortgage or a loan with a low credit score is impossible.

A bad credit score will not allow you to get or access anything that requires an evaluation of your credit score, especially when you are seeking employment because most employers will not employ people with bad credit scores. Using the services of a hacker to build up your credit score is one way of repairing a bad credit score. Below are some FAQs about Credit Score;

●    How can I check my Credit Score?

You can check your credit score by contacting a credit reporting agency. It may take a few days before the credit score is sent over to you, so it is always advisable to send your request to several credit agencies at once, if possible, to get different copies. Once you have reviewed the credit score and find it unsatisfactory or suspect foul play, you can file a dispute about the issue to the credit reporting agency within 30days from when you received the report.

When you are requesting a loan, your credit history is what the loan companies always see and assess, which is the main reason why you need to make sure that everything about your credit score is in order. Issues like Bankruptcy are recorded in your credit score history and will show up in a search by creditors or mortgage companies.

●    What is a good credit score?

A credit score that reported to be above 700 is good, while a credit score above 800 is considered excellent. An excellent credit score will give you better lending opportunities because it is what creditors often check before approving any loan offer. However, when the score is below 700, it is imperfect and requires excellent credit repair assistance or a hacker to help you build a new credit score.

Credit score ratings are widely used by banks, lenders, mortgagees, and even car dealers when finalizing a purchase. From your credit score, they can decide to offer you any credit card or loan, including the amount you will repay as interest.

●    What affects my credit score

Several factors can affect your credit score, based on the issues on your credit report. Below are several problems that may affect your credit score;

  • Late payments; the amount of time you take before repaying loans.
  • Loan amount owed to other creditors will affect your credit score rating
  • Your old records can affect your credit score, such as Bankruptcy.
  • The number of credit card accounts you have can affect your credit score.

●    How can I increase my credit score?

Credit score repair secrets help many people in maintaining a good credit score, mostly by disputing all the negative records from your reports. Getting all the negative delinquent adverse accounts from your credit report works faster in rebuilding credit.

The first advice to obtaining an improved credit score might be to get a credit card first if you are up to 18 years old. Most people usually won’t qualify for a credit card at 18, especially if you have no history of an income. The secured credit card looks similar to a prepaid credit card. The bank or agency may require a certain amount, usually $250, before issuing you a credit line of the same amount. The credit line then enables you to establish credit and have a credit balance in your name. 

People who are applying for loans often get confused when they receive a report with an interest rate that shows 30% of their credit score. This 30% is going to be the amount of money that you owe. They will first take a look at your available balance, which is going to be a good sign since you already have an open credit of $250. From your credit balance, they will know how much of the $250 you use — let us assume that you use $125 from the $250. It means that you are using fifty – percent of your total available credit. They will say you owe fifty percent of only your available credit, which is the reason why you need to be sure that you do not owe a lot, and you keep those balances very low.

Once you remove all the bad credit from your record, you will notice that your FICO score is stable, and your credit score is now up to the standard score. 

●    Why do I need a good credit score?

A good credit score will give you a lower interest rate when getting a new house, mortgage, or applying for a loan. 

Fully grasping the very reason why you require a good credit score is essential, especially when it comes to getting a house because you will need a good quality score without which you will not qualify.

Most people do not understand what credit score does or how it affects your spending value. 

Having bad credit can be quite tiring, especially when you are required to pay more on anything that you want to get. But when you have a good credit score, you can get amazing prizes or rewards like travel tickets and much more. With a good credit score, you can obtain a loan, a mortgage, or enough funds to start a business.

There is a massive market in the world that exists for people and bankers to make money off people with bad credit scores. When you have a bad credit score and want to purchase a package, they will charge you more money on top of the purchase. Which will keep you struggling while they get higher interest rates off your more money?

Would you like to improve your credit score rating? Send a mail to contact@thehacknetwork.com

 

4 Comments

  • Martin Moore
    Posted October 20, 2017 2:30 pm 0Likes

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    • Jhon Miller
      Posted October 20, 2017 2:30 pm 0Likes

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    Posted June 17, 2020 4:44 pm 0Likes

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