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High Credit Scores

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In the United States, the higher credit scores means higher opportunities. You can be considered lucky to have and maintain a high credit score compared to those who have incurred no credits at all. Having a high credit score means a good reputation since people do believe that having it means you are a responsible citizen.

Who does not want to gain a good reputation? If you wish to be approved on loans applied, then avoid the following:

1. No credit score.

Even if you are good at handling your finances, but by not having a credit score, lending institutions will not have a basis to refer to. Having a credit score is the same as having a financial history where lending institutions can determine your credit worthiness. With credit scores, the lender can find out your financial background, current and previous loans taken, down payments you have made interest rates you choose and the payment scheme that you opted.

It does not matter what race or origin you are, lending institutions does not judge your application based on these. Even if you are a janitor but have a high credit …show more content…

Well, if yes you need to increase your scores with the 3 credit bureaus. Nowadays you even need a good credit history for for renting an apartment.

Please follow the steps below to learn how to build up a good credit history.

Step 1

First of all pull your credit profiles at all the 3 credit bureaus. Lot of people forget this important first step and start chasing creditors for giving them a chance to prove their honesty. Your poor credit score may be due to someone else drawing credit in your name also called identity theft.

It is quite possible that a creditor or collector reported your relative's delinquencies to the bureau and it got filed under your name because you had the same last name. If you suspect any such thing file a dispute with the bureau immediately and get the adverse accounts removed from your files.

Step

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