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Improve Your Life Increased your Credit Score to over 720

Unfortunately, the saying that money moves the world is not as accurate as it used to be. In fact, today, credit and credit score are the real impetus behind most events that can change your life. Therefore, if you want to improve it, it is advisable to have control over your credit and raise your credit score above 720.

What happens if you do not increase your credit score above 720?

For someone with a lower credit score, several negative consequences can occur. What is this about? Well, first, not only do credit card companies review an individual's score to determine if they really should receive new credit, but several other companies or businesses also analyze credit scores as a way of determining if really want or not to have that person as a client.

This way, if you have a credit score below 720, any of the following situations can be presented:

Job denied
Denial of a lease or rent
Denial of a Home Mortgage Loan
Denial of a home equity loan
Denial of a Car Loan
Denial of low interest
Denial of different types of insurance such as car insurance.
Strategies to increase your credit score above 720

What exactly can a person do to increase it, so that he can take advantage of being in the category of people with good credit scores? Although there are several steps that can be taken, none of them is sufficient by itself. Additionally, there is no guarantee when it comes to improving your score to high limits. However, a very effective way is following these strategies to the letter.

It is important to pay off your loans and credit card debt, and it is equally important to continue to use your credit responsibly. If you suddenly stop using your credit, you will lose the advantage position you have to increase your score. The point is to maintain a good balance between the level of credit you have open and the amount of debt you have purchased. In addition, you must also add other mitigating factors such as: the payment history, the length of time each account in your credit, debt balances you have and carry on from month to month, and more.

Follow as many of the following possible tips to increase your credit score above 720:

Pay more than the minimum payment. This will lower your debt level faster to improve your credit score and reduce your financial charges by helping you lower your total debt much more quickly.
Continue to use your credit cards, but limit your spending to the most essential. This strategy will lower your debt level, as you become more responsible for using your credit, that will eventually help you improve your score.
Refrain from opening new accounts or closing others. This would affect your credit score, typically in a negative way.
Stop using credit cards that are charging you higher interest, unless you can pay your monthly balance in full. Remember to make additional payments to the balance sheet if you are not paying the balance in full.
Pay each of your debts on time, such as utility expenses, school fees and loans. If possible, pay bills early to avoid the possibility of forgetting and late payment. Even better, make your payments automatically debited so that it will never be late again.
Monitor your credit score and dispute any false information. Remember that negative information will stay on your credit for seven to ten years depending on what it is.
Avoid department store credit cards and use a major credit card for most of your purchases. Large players in credit (MasterCard, Visa, American Express, and Discover) carry more weight.
Avoid having a debt collection agency on your list of creditors. If you know you owe an account, make the payment before it is delayed or you will reach a payment agreement with them.
Remember to fill out the form found here on our website if you need personalized advice on how to improve your credit score and pay your debts.