Free Tips On How To Fix Your Credit Score Fast!
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Welcome everybody once again to our second episode of the Insurance Lab with the Master Splinter of insurance Nestor Morales. This information is intended to help people with a credit score below 600 get closer to a 700 FICO score or above in under 60-90 days! Improving credit card utilization and capitalizing on your new and improved credit score is the name of the game.
Many auto insurance companies use credit-based insurance scores to help them decide whom to offer insurance to and how much to charge. These are different from credit scores used for lending purposes, and studies have shown they correlate with the likelihood of consumers filing insurance claims. When these scores are used, they are only one of many factors that can influence your insurance options and rates.
Here are the steps spelled out in this video:
1) Download Credit Karma or Wallet Hub & understand your current debt.
2) Pay down credit cards to 40-50% of available limit.
3) Do not use cards for 30 – 60 days. Monitor Credit Karma or Wallet Hub and wait for the credit score to spike.
4). When the credit spikes reapply for new superior credit. Better rates or 0% balance transfer card. Refinance auto loans, mortgage and get rid of the high interest credit cards you have!
For additional assistance with old negative items use Lexington law to remove negative accounts from your report.
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how to get rid of negative remarks on credit report