How to Maintain a Clean Credit Score

Written By Naazma Garcia
Jan 27, 2022


Almost every US citizen knows their Social Security number by heart, even if it’s a meaningless series of digits, but too few of us know our credit scores. Your credit score has a profound effect on your finances and future – and everyone should know their score and more importantly work on improving it. 

Credit scores are notoriously fickle things, yet they can affect major areas of your life, including housing, employment, and even relationships. A clean credit score can make an enormous difference, so it’s a number worth maintaining. Luckily, there are some things you can do to increase your credit score and keep your interest rates low for life.

First, it’s worthwhile to dispel some misconceptions. Contrary to some advice out there, plenty of good financial behaviors don’t change your credit score. Paying your monthly utility bills on time won’t benefit your score, but paying these items late—or not at all—will bring your score down. Another misconception about credit scores is that not having a history of late or bad payments is a good thing. While it seems unfair, everyone begins their financial lives with a low score.

So how does a consumer make his or her score go up? Here are a few tips:

Borrow from a Lender

This seems obvious, but the best way to establish credit is to . . . establish credit. It’s not rocket science: borrow money from a bank or lender, even if you have to begin with a very small amount and pay a higher interest rate than you had hoped. Try for an auto loan or a credit card. The number of accounts and the length of time you hold them both, affect your credit score. And unlike with utilities, making payments on time is a boost.

Secured Cards

Secured credit cards are one of the best ways to establish credit for people without any pre-existing credit. Essentially, these are cards for which you pay a cash deposit first. The cash acts as collateral, literally putting your money where your mouth is in terms of showing you’re a reliable consumer. After a period of good behavior, your credit limit will increase, along with your score.

Responsibly Using Credit Cards

Once you’ve established enough credit to be accepted for a card offer, you need to make sure and use the card responsibly. This means paying your bills on time and keeping an eye on your Credit Utilization Rate, which is the amount you’ve borrowed compared to your borrowing limit. It’s best to keep this number low, ideally less than 20%. According to Experian, credit utilization is one of the most impactful factors of your credit score, so watch your utilization ratio closely.

Credit scores don’t leap overnight, but given enough time and good credit behavior, your financial future will be bright. For help managing your credit card debt and increasing your score, contact Americor today.

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Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

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