After settlement your credit card decreses. Well, its a situation to get worried for many. But, in this article i have mentioned few ways in which you can improve your credit score after the damage done by settlement. Learn the importance of knowing their credit score.
- First of all it is very important taht you check the status of your account as it must “settled” . Be confirmed after verifying from the very beginning.
- Do keep some credit accounts open. Do not close several account at a time as this bring about a negetive impact on your crdit score. Keep some of the older credit accounts open as the lenght time span of you credit history do matters as it is also considered a one of the important factor in achievinga good credit score.
- Save money and put it into your saving account. This will defitely reduce your chances of making late payments in future.
- Try to join a credit union. The reason behind this is that the members of credit unoin can qualify for loans easily and this also boost your credit score.
- Pay off the debts that you haven't settled as this will prevent from future damage to you credit score
Credit score is very important and you must take it serious. Avoid getting into debt in future and build a strong financial status.
