Your Credit Score Improves with Time

Believe it or not, the only way that your credit score will greatly improve is with time. Even if you make a few sudden and drastic changes to your lifestyle in order to enhance your good credit, it will still take time for the companies to process this information. In order to be considered to have good credit, you need to demonstrate that you can sustain your good credit score over a period of time and your good credit is not just a short time thing.

If You Don’t Take Out Credit Cards, You Will Not Build Credit

It may sound odd to you, but the only way for companies to gauge whether or not you are financially reliable and can handle certain payments is to measure how well you took care of them in the past. Therefore, the only way that this is possible is for them to have some past history of payments that you had to make. Thus, if you lack any sort of credit history because you have not taken out a credit card in your name, you will be unable to show companies that you are financially reliable. So, if you are looking to build good credit and gain credibility, you should take out a credit card and start making manageable purchases on it. Just make sure you pay them off in time!

Pay Loans Off On Time

Don’t worry if you are currently paying off mortgages, student loans or auto loans. Having debt is not a bad thing if you are currently paying it off on time. If you are making your monthly payments consistently then that will show credit repair companies that you are capable of making payments on time. This will help to improve your credit score. Don’t think of loans as a bad thing because they are a great way to build credit history. If you don’t pay them off, however, then they are an easy way to destroy your credit history.

What is a FICO score?

Your FICO score is a credit rating produced by Fair, Isaac and Co. It's used by most lenders to help them decide whether you're a good credit risk. Fair, Isaac crunches the numbers from your credit report, and spits out a score somewhere between 300 and 850. A low score says you're a bad credit risk, a score of 750 or higher puts you in the catbird seat.

Here are the factors considered when calculating your FICO score and an estimate of how heavily each factor might be weighted.

• Past payment history (35 percent): bankruptcies, late payments, past due accounts and wage attachments
• Amount of credit owing (30 percent): amount owed on accounts, proportion of balances to total credit limits
• Length of time credit established (15 percent): time since accounts opened, time since account activity
• Search for and acquisition of new credit (10 percent): number of recent credit inquiries, number of recently opened accounts
• Types of credit established (10 percent): number of various types of accounts (credit cards, retail accounts, mortgage)

When will I begin to see results?

60 to 90 days after filing your credit report with Better Qualified LLC, you will start to see an impact on your credit score.  While this is the average turn around time for deleting negative items, some items may take longer. You should expect to be enrolled in our program for one year for maximum results, but there is no obligation to remain enrolled for that long should you choose to discontinue your service plan.