Are you feeling down about your credit score in Australia? It is easy to get worried when you receive a low rating, but you can’t let a poor credit score get you down. There are always ways to improve your credit score as there are reasons to improve.
Make sure that you’re only using up to 30% of your revolving credit
It is better for your credit rating to have a smaller percentage of utilization than a higher one. Anything above 30% utilization rate could mean that you’re overspending. Take note that some card issuers send the balance on your monthly statement to the credit reporting agency. So even if you pay off all your balances each month, there is a big chance that you will still have a higher utilization rate.
But, if you can’t help but to max out your card, make sure that you get around with your utilization ratio. Ask your credit provider if you can make multiple payments in a month. If approved, that strategy would keep your balances down.
Another method is to pay down your monthly balance. As long as you keep it low, you’ll have a good chance of boosting your credit score.
Get rid of small balances
Collect all credit cards on which you have “nuisance” balances or the small unpaid debts you have on several credit cards. Pay them off and retain up to two credit cards that you would use for all your purchases. The reason is obvious-if you have a lot of small balances on various cards, you are simply polluting your credit report.
Schedule applications for credit
Having too many rejected loan applications, especially in a short span of time, can have a negative impact on your credit score. Stop sending applications that will diminish your chance for a better deal. So before you apply for a loan, map your score against the criteria of your lenders. This way, you can minimize loan applications.
Hire a credit repair company to improve your credit score in Australia?
Choose Clean Credit because of their reputation for successful credit repair over the years.
The clients they serve rely on them for restoring their credit effectively and doing it with the highest probability of success.
They have a detail-oriented credit repair process that ensures the highest quality of work. Clean Credit team is composed of highly skillful and knowledgeable individuals who have excellent negotiation ability that many of their competitors do not possess.
You simply can’t underestimate the power of a clean credit – but do you have time for it? Let Clean Credit take care of the credit issues while you focus your time and energy on the things that matter to you most.
Clean Credit’s professional credit repair team ensures they achieve a comprehensive credit repair every time. They also make sure their clients are always contented with their services. Hiring Clean Credit has no risk at all!
Learn more about ways to increase credit score in Australia by contacting Clean Credit. Avail of the free consultation today!