Welcome to Manson Credit!
If you’re dealing with credit problems and need help working around your credit situation, then you’ve come to the right place! Manson Credit is your most trusted resource when it comes to fixing your credit. We have a wealth of information to guide you on how best to improve your credit rating and enjoy better deals on everything else, whether you’re applying for a personal loan, credit card, or a new home.
We do not promise you overnight credit boost, but the methods we use are tried and tested and will surely improve your credit one step at a time. We do not usually advocate expensive solutions such as debt management programs or IVAs, because we do not think those strategies really make much of a difference. Our approach is to tackle the root cause of your problems and give you sound advice on how to make better financial and credit decisions.
Ways to Boost Your Credit Score
Below we list down some of the easiest things you can do to rebuild your credit slowly but surely.
Pay Off Past Balances
Having unpaid balances is one of the most common reasons for a low credit rating. When you constantly pay only the minimum, you can also lose a lot of money paying finance charges.
Make Payments on Time
The number one factor that affects your credit score is your payment history, which accounts for 35% of your credit rating. As a rule of thumb, those with frequent late payments are seen as a risky borrower, and thus will be given a lower credit score.
Before applying for a major loan, we recommend paying all your bills on time, at least six months before submitting your application.
Keep on Using Credit
One of the most common mistakes people make in an attempt to fix their credit score is refusing to use credit altogether. While this may be useful when you have acquired too much debt, we recommend keeping your oldest credit cards open. The reason is that your average age of using credit also plays a crucial role in calculating your credit score. As a rule of thumb, those who are new to credit are the most risky borrowers, because lenders won’t have any idea how your payment behaviour would be like.
Register on the Electoral Roll
Another thing that lenders look into is if your identity is real, and that you are who you say you are. The best thing to prove this is by signing on the electoral roll, so that your name and place of address can be verified.
Check Your Credit Report
Lastly, some credit score problems may simply be a result of a mistake from your personal information. At least once a year, you must request for a free copy of your credit report, so that you can check if all information is accurate and that all of your payments are up-to-date.
Having poor credit score is bad enough, but when money is tight, nothing is worse than your loan application being rejected outright because of your credit history.
If you have a car sitting in your garage or have one that you can live without for the time being, why not release the cash in your vehicle? If you’re in desperate need of cash, visit logbook loans 24/7 to obtain the financial aid you need while still working on fixing your credit.