Central Business District, Ohio
806 Main St
Cincinnati, OH 45202
513-721-3915

3 Tips on Improving Your Credit Score May 6, 2019

Central Business District, Cincinnati
3 Tips on Improving Your Credit Score, Cincinnati, Ohio

As an indication of the capacity to repay a loan, a credit score impacts many decisions in life. Along with affecting your ability to buy a home or a vehicle, a poor credit score can also influence how expensive your auto insurance coverage is. Fortunately, there are many steps you can take to improve your rating.

How to Improve Your Credit Score

1. Check Credit Reports for Accuracy

While it may seem unlikely, errors within credit reports are quite common. Look over your reports from all three major bureaus — Equifax, Experian, and TransUnion — to ensure they’re free of mistakes. Should you find one, dispute it with the credit bureau responsible for issuing the report. One report might contain an inaccuracy the others do not.

2. Get Late Payments Up to Dateinsurance coverage

Whether it’s your phone bills, insurance coverage costs, or utilities, late payments negatively impact your credit score. Even if you close an account, you’re still responsible for any money owed, and the longer you put off paying, the more likely it is penalties will be assessed. Locate late or missed payments and make it a priority to take care of them. In most cases, only payments later than 30 days will show up on your credit report, so act quickly. 

3. Pay Off Credit-Card Debt

Your score is based on several factors, including credit utilization. It’s beneficial to have a credit card, but only if you pay more than the minimum monthly charge. Keep balances low at all times and strive to pay off your credit card bill in full each month. This is also a great way to reduce interest.

 

Bob Shropshire Bail Bonds offers bonds and insurance coverage to residents of Cincinnati, OH, including affordable car insurance coverage and SR-22 certificates. Learn more about their many services by calling (513) 721-3915 today. You can also explore auto coverage options on their website.

Other Announcements, Events and Deals from Bob Shropshire Bail Bonds
3 Facts to Know Before Calling a Bail Bond Agent, Cincinnati, Ohio
If a loved one gets arrested, you probably want to post bail as soon as possible. Before you contact a bail bond agent, however, it’s wise to familiarize yourself with the ...read more
How to Avoid Bail Fraud, Cincinnati, Ohio
If you need to bail a loved one out of jail, turn to a reputable agency. Because individuals who need to post bail are often desperate, they’re especially vulnerable to sca...read more
Common Mistakes to Avoid When Buying Car Insurance, Cincinnati, Ohio
When shopping for car insurance coverage, it’s important to make sure it’s exactly what you need to save you time in the long run. One mistake, however, can cost you hundreds or thou...read more
3 Ways to Expedite the Bail Bond Process, Cincinnati, Ohio
Posting bail promptly ensures your loved one can get out of jail quickly and with a minimum amount of stress and hassle. Not only does this alleviate much of the anxiety surroun...read more
What Not to Do When You're Out on Bail, Cincinnati, Ohio
When you are charged with a crime, the judge may allow you to return home instead of staying in jail while you wait for your court date. However, before you are released, they might ...read more