If you really care about how you are rated by the credit bureaus and the perception financial institutions form about you, you should be more cautious in the manner you handle financial activities. This is because every good or bad action in relation to how you manage your financial power will be transferred to the reporting agencies.
Always ensure that you make your payments to creditors before the due date. Creditors always make sure that they report any late or missed payment to the reporting agencies. Except they forget to do so, which is very rare, you are sure to get into trouble if you default on your loan payments.
If you ever have to register as an authorized user on a relative’s credit card ensure that the person has a good financial history and can maintain such. While you can benefit from being an authorized user of your relative’s card without necessarily using it, you can also run into financial mess if the original owner of the card makes extravagant expenses on his card at any point in time.
In any situation, try not to make more than one loan application in a year. In fact, you will create a good impression if you can limit application for credit to a minimum of once every two years. This way, you will prevent creditors from reporting to the bureaus that you keep knocking on their door for loans, and the reporting bureaus will imply this to mean that you are prudent in the management of your financial resources.
For you to make a good impression to the creditors, you will need a good score. The best way you can add more points to your total score is to delete any form of negative accounts from your file and find means of increasing your score. In this case, you will choose either of two methods to do so: the self-credit repair method, or the professional repair agency method.