Understanding how the credit rating system works is not final strategy for great credit. You must incorporate the following tips to increase your credit rating.
Prepare for credit emergencies
A list of all extras or luxuries you could chop out of your life right away if there was a problem (i.e. newspaper subscriptions, cable television, water delivery service, Friday nights at the movies).
Cut Yourself Some Slack
There is no point in beating yourself up over your credit rating – whatever it is. Instead, promise yourself that you will do better in the future and soon after work to repair your credit rather than working on berating yourself. Taking action to raise your credit history will raise your outlook as well as your credit.
Find more ways to make more money
Having a secondary form of income should plus hold your credit safe – if you lose your job, you should use the money you make from a secondary source to repay your bills until you find another form of employment.
Learn to deal with collection agencies
You can always get the full name (first and last) of the person you speak with at a collection agency. You can attempt to be sincere about your ability to pay back and attempt to work out a payment plan or payment options. If at any point you feel threatened or harassed, say so. Hang up the phone whether the collection agent persists and get in touch with the agency who is trying to recoup money from you directly.