Credit repair techniques have to emerge with the advent of New Year.
It is important now than ever before that you take steps for improving your credit score.
Below mentioned are the 5 most reliable tips for increasing your credit score for 2010.
1.
Pull out Your Credit score report on a regular basis You need to be regular in monitoring your file since any delay in action or any wrong entry on your credit file would otherwise go unnoticed.
Moreover, if you were to apply for a loan you should be aware of your latest credit score otherwise it would be too late for you to repair it in time.
2.
Keep yourself updated with recent credit related news It is important since a lot of bills will take effect in the New Year like the CARD act.
You don't want to be the last person to take advantage of the new laws.
Moreover, you should be able to exercise your rights and for that you need to know your rights as a consumer.
3.
Open a Recurring deposit This way you would show that you are building your credit over a period of time and this would also assist in inculcating the habit of saving for future.
You can use it for a down payment on your car for instance.
4.
Be regular on your tax and bill payments You have to be regular on your bill payments.
There are various websites that help you by sending reminders.
Take help of one such service.
5.
Bring down your credit card utilisation ratio Judiciously utilise your credit cards.
Do not max them out.
Always have a healthy card utilisation ratio of around 30%.