How To Raise Your Credit Score

A poor credit score might restrict you in some ways. You might not know the importance of keeping a good credit record until you apply for a loan when you desperately need the money but it is not approved because you got a poor credit score. It is not too late. This article will give you tips on how to raise your credit score.

Credit score

Look through your credit reports

Check your credit score reports from time to time. At times errors happen and some false information included in your credit report. Once you come across anything suspicious, report immediately. Keep on checking on your report and report any information that does not belong.

Get an ID if you do not have one

Without a national id, you cannot own credit card. How then will you grow a card you do not have? The first step to developing your credit card is by owning one. If you attach your name to someone’s credit card, just make sure it is growing your credit information.

Pay down balances if any

This must be the first step, clearing all balances. A clean credit card appears good to the creditors. Trusting an individual with no pending balances is easy. You better have small available balance with no balances to clear.
Pay on time
Do not let deadlines pass. Pay your balances on time every month. If your credit card is of any help to you, then you must make monthly payments without delay. This way, you will appear more trustworthy to creditors.

Pay frequently

If it appears large to pay once a month on deadlines, you can decide to be making payments from time to time in a small amount. This way, you keep on reducing your balance, and by the time you are hitting the deadline, you will be required to pay less. It looks much better if you have small balances to settle on your credit card.

Tips To Hiring A Debt Collector

Collecting debts from stubborn customers is not easy. You have to get alternative debt collection methods. If all other strategies have failed, consider using a debt collector. Debt collectors are different. They carry out the debt collection process different. Some may not be good for your business. This article will give you some things to consider before hiring a debt collector.

Things to consider

Target clients

Some agencies only deal with large scale businesses while others are for households and small businesses. You should get collectors as per the type of clients who have defaulted. The strategies used in collecting debts from large scale customers might not apply to household customers.

Government regulation

There is the right way for debt collection agencies to operate. Make sure that the debt collector you choose follows the stipulated rules on fair debt collection. They must be licensed and bonded to operate in your area.


Sometimes your customer may feel that the collector used much force or used unfair collecting methods. This might lead to them taking you to court. This is why you must make sure that the agency you are using is covered by insurance and does not have arrears or omission with them. If your client happens to take you to court, you will not be answerable and liable for the collector’s actions.

Compare costs

The term compare means that you have a list of debt collectors with you. You should never use the first collector you meet. Make comparisons. Each company uses different ways to come up with their rates. A large number of them take a flat rate percentage of the total collected. Go for companies with no collection no fee model. There is no point of paying them if they did not get money from the defaulter.

Skip tracing

Some debtors will run away with your money. Some won’t pick calls; others will move towns. Ask the collectors if they have skip tracing service even if the customer did not leave any address behind.