CREDIT RESTORATION TIPS!

Here is a Tip for Boosting Your Credit Scores and Improving Your Credit Health in 2019 You Should Limit your Credit Inquiries... * Looking for a new apartment? ** What about a mortgage? In either situation, try and group your applications together as much as possible. *** Applications for new lines of credit will generate a “hard pull“ on your credit, and having too many of them in a short period of time can lower your score. However, credit reporting agencies usually consider a group of applications within a short period of time as one pull, as long as they’re in the same category. Similarly, limit yourself to opening up no more than one or two credit cards per year, which also generate hard pulls. Even if you get a ton of offers in the mail for stellar sign-up bonuses, they’re likely to be offset by the damage to your credit. FICO reports that new credit and credit inquiries account for 10 percent of your total score. Knowledge is Power and Credit is King!