About Andrew

Hi, My name in Andrew Campbell, a Canadian of mix Irish-Scottish ancestry, so basically I have Duncan MacLeod gene in my blood , the immortal man who must live in modern society, concealing his true nature while fighting other Immortals, just kidding :). I was living in the US the past few years. Anyway as stated in the Disclaimer page, the material provided on this Website should be used for informational purposes only and in no way should be relied upon for financial advice.

All major loans and mortgages depend upon your credit rating. If your credit rating is good, then you will qualify for home loans and auto loans. Banks and lenders will offer you the best deals and the lowest rates of interest. Your credit rating depends upon your credit history. If your credit history shows outstanding payments, late payments, delinquencies, bankruptcies, et al, your score is lowered. To improve your credit rating, there are a few tips and basic credit rules enumerated by financiers, which, if followed religiously, can bring remarkable changes.

 8 Ways to Improve Your Credit Rating


Avoid late payments. All timely payments will be reported positively. This increases the credit rating.
Repay all outstanding debts. If you are unable to do so, then try to pay them off one by one. Every debt paid off, increases the credit score.
Do not use your credit cards to the limit. Use them wisely and prudently so that you spend only about 20% of the limit.
Access your credit reports periodically and check them for errors. Sometimes, errors are the cause of low credit score.
If you have revolving debts, get rid of them immediately. Revolving debts, unlike installment debts are a big drain on your credit rating.
Keep old credit cards alive and keep using them from time to time to keep them active.
If you are neck deep into debts, then opt for debt consolidation. This will help you to pay off all your loans on easy monthly installments.

If you have collection accounts on your credit report, get them removed immediately. You can do it by the following ways:
Debt settlement – You can pay off your loan completely and in exchange for the complete payment, you can request the creditor to remove the account. Most creditors are only interested in getting their money back and agree to the removal.
Debt Validation – This is an interesting feature of the federal law, which every consumer must be aware of. Under this law, only the creditor, who owns the debt, can collect from you. If the debt has been handed over to a collection agency, it cannot legally collect the debt from you. To do so, the collector has to provide proof that you owe the debt to him.

If you have any doubts about credit rating and its repair, it is essential that you get in touch with a credit repair firm that can guide you through the repair process.