The Do's & Don'ts Of Helping Credit Scores, By Bob Jain

By Paul Martinez

A good credit score will get you far. Not only will it allow you to get loans easier, but it'll show banks that you're more than dependable with your money. However, not everyone's score is going to be the greatest. As a matter of fact, many people might be searching for ways to improve theirs. For those who fall into this camp, there are ways you can help yourself. Here are a few of the biggest do's & don'ts of credit score improvement, courtesy of Bob Jain.

DO cover each payment on time. If you're serious about improving your credit score, you have to know that making timely payment is crucial. Whenever you receive a bank statement, make sure that it's paid off in a timely manner, regardless of how much you owe. This will help to boost your credit score in the long run. The fact that it will also keep you from experiencing debt makes it all the more important to follow through on.

DON'T sign up for multiple credit cards. According to companies like Bob Jain CS, applying for a number of credit cards is not beneficial. As a matter of fact, this can land you into debt rather quickly if you're not careful. This makes sense, seeing as how you'll be responsible for covering a number of balances in this scenario. When you limit yourself to just a couple of cards - one for credit purposes and the other for debit, ideally - you do your credit score a huge service.

DO use your credit card responsibly. Bobby Jain CS will also stress the importance of responsibility, as it relates to credit card usage. In order to get your score up, you have to use your card from time to time. However, relying on it too heavily opens up its own collection of problems, specifically if you can't pay back the full sum on time. As an adult, you must be responsible for how often your credit is used.

DON'T assume that your score will get better overnight. This is dependent on the individual case, but you can't expect your credit score to improve in a short time. Instead of becoming impatient, continue to follow steps like the ones covered earlier. Continue to make your payments and be wary of any offers that seem too good to be true. If you're good about your finances, sooner or later, your score will start to look more positive.

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