How To Get A PERFECT Credit Score For $0
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How To Get A PERFECT Credit Score For $0
Welcome to FrankLegend.com where we review great content that has gone viral. Today we will learn about how you can get a Perfect Credit score absolutely free.
FIRST: ON TIME PAYMENT HISTORY - 35%
This one is pretty self-explanatory…DON’T MISS A CREDIT CARD PAYMENT AND DON’T PAY IT OFF LATE. To get a perfect credit score, you’ll need to pretty much NEVER miss a payment, ever – otherwise that could completely ruin everything. The good news is you just have to make the minimum payment every month.
SECOND: CREDIT UTILIZATION - 30%
Ideally you’d want to spend under 10% of you’d total limit to show that you don’t need the money given you are that good with money. One of the techniques used to help with this, is just to have a LOT of available credit, all with really high credit limits.
THIRD: LENGTH OF CREDIT HISTORY - 15%
This means the longer you’ve had credit for, and the sooner you start, the BETTER. This will help build the foundation of your entire credit history very early on.
FOURTH: TOTAL NUMBER OF CREDIT LINES - 10%
First, the more credit lines you have, the higher your credit limit. Which lowers your overall utilization, and helps your score.
Second, by having MORE credit available to you, you’re able to show even MORE on-time payments, which will help increase your score.
Third, having a mix of credit types like an auto loan, a mortgage, and credit cards, etc. shows lenders that you can appropriately handle multiple types of loans without defaulting on them.
FIFTH: NUMBER OF CREDIT INQUIRIES - 10%
Every time you go and apply for credit, it’s reported to the credit bureaus and shows up on your report as a “hard inquiry.” This helps lenders keep track of how many times you’re asking for credit, the more often you’re out there asking for credit, the riskier of a borrower you become. The bright side being that this is only temporary and only appear for the first 2 years and impact for only 1 year. After that it’s gone.
Final Thoughts
Having a credit card is a responsibility, and to watch and take care of our credit score is apart of it. I HIGHLY recommend you check your credit score every few weeks to be on top at all time.
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Victor Paredes
Victor Paredes is a contributor at FrankLegend.com and is based in Brooklyn. For inquiries reach out via email at victorhugoparedesx@gmail.com
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