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Debt Consolidation – Debt Consolidation Loan – Creditgeeks.co ! No Fees to Start. One Monthly Payment. Free Debt Consolidation Quote. Our Certified Debt Counselors Help You Achieve Financial Freedom Faster. Apply for a Quote. Satisfaction Guaranteed. Avoid Bankruptcy. Debt Freedom. No Upfront Fees. An excellent score can help you qualify for premium rewards credit cards and low-interest loans, but the process takes time. The journey to improving your credit score is a marathon, not a sprint. You can get started by checking your credit score to see where you currently stand. Our experts are ready to help jumpstart your journey to financial freedom, debt consolidation, debt relief, national debt relief, debt free, personal loan, bankruptcy. We promise to keep your information 100% confidential. After just one phone call, we’re confident you will start feeling more in control of your financial future than ever before. Call now to begin your completely free, no-obligation debt settlement consultation today. Once you have an idea of how much room you have to grow, use these tips to begin building better credit. Advertiser Disclosure. At Bank rate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Person looking at calendar app on phone raw pixel/Getty Images. An excellent score can help you qualify for premium rewards credit cards and low-interest loans, but the process takes time. The journey to improving your credit score is a marathon, not a sprint. You can get started by checking your credit score to see where you currently stand. Once you have an idea of how much room you have to grow, use these tips to begin building better credit. Keep your debts in the green to show lenders you’re responsible with credit. According to Experian, payment history is the most influential factor for both FICO and Vantage Score, the most common scoring systems. Your credit score is essentially a reflection of your ability to pay back debts effectively. From a lender’s perspective, an established history of timely payments is a good indicator you’ll handle future debts responsibly, too. “You want to avoid things like late payments, defaults, repossessions, foreclosures and third party collections,” says John Alzheimer, credit expert, formerly of FICO and Equifax. “And filing bankruptcy is a horrible idea. Anything that would indicate non-performance of a liability is going to harm your credit score. “Weigh your balances relative to your credit limit to ensure you’re not using too much available credit, a practice which can indicate risk. “The higher that ratio, the fewer points you’re going to earn in that category and your scores are absolutely going to suffer,” Alzheimer says. Credit utilization is one of the most influential categories that influence your score.Your ideal rate may vary depending on the scoring system used. “In FICO’s systems, less than 10 percent is the optimal target,” Alzheimer says. “In fact, people who have the highest average FICO scores have a utilization of 7 percent.” Vantage Score, on the other hand, looks for a target utilization of 30 percent or below. “I always default to 10 percent because that’s going to keep you in the good zone for both of the scoring platforms,” Alzheimer says. The date your revolving credit issuer reports your information to the credit bureaus may also impact your utilization rate. According to Alzheimer, FICO’s scoring systems don’t differentiate between those who pay in full each month and those who carry a balance; the utilization that appears when your issuer reports your account information is the rate scored. Vantage Score, though, does consider whether you pay in full or carry your balance month to month.