Improve Your Long-Term Financial Security With
This Credit Building Report
Are you aware the impact your credit score has on your life? Do you want to build or improve
your score from nothing? Are you put off because the process intimidates or worries you?
Whatever your situation, this report can help you build or improve your credit score!
The team at the Wealth Building Way explain their mission is to
empower you, whether you want to learn the latest investment
trends, how to be savvy with your money, or what is required to
The team explain that building credit and having a good credit
score can be beneficial to you for multiple reasons as it can impact
your ability to secure finance to purchase insurance, a car, home,
or even a cell phone.
The team explain that having a good credit
score does not just provide access to greater
finance opportunities, it also enables you to get
credit for less as you may find a better score
enables you to secure low interest rates.
The Wealth Building Way team
explain it is important not to rely on
your credit score or history, but rather
to view it as a useful tool.
In case you are wondering, a good credit score is generally viewed at 720
or more explain the team, but they add it may vary depending on the
organization checking your score.
It is generally accepted that the
higher the number, the better your
Things that can negatively impact your credit score
include unnoticed errors, paying your bills late or
not at all, cancelling credit cards that may be useful,
and borrowing more than 20% of your credit limit.
The team explain the five elements that contribute to your credit score,
which includes your payment history, amounts owed, length of credit
history, new credit, and your overall credit mix.
A spokesperson said: "Increasing
your score and learning how to
establish credit is not as difficult as
you may think."
"Once you realize what impacts your
credit score, you can make relatively
easy changes that will begin to
improve it," they added.