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Did you know that
paying your rent and
other bills on time can
help build your credit?
visit: www.prbc.com
Building A Better Credit Report
By Andrew Perretti

There are techniques you can put into practice to
improve your Credit Scores. Don't rely on my
suggestions only because there is usually a
wealth of information on this subject available at
any bank or lending institution that provides
mortgage services. Lenders analyze your credit
scores to determine whether or not to approve a
home mortgage, a car purchase and other types
of loans. Before they lend you money, they want
to determine risk, or how likely you are to repay
the money they loan you. Your Credit Scores
helps them do just that. The higher your score,
the less risk is the logical assumption.

Most increases to your credit scores take place
over time and require an ongoing effort from you.
The only true credit score fast track repair is to
pay down debt and to successfully dispute the  
negative remarks on your credit report.

Credit scoring software looks at five areas of your
credit reports:
  1. Your Payment History
  2. Amounts You Owe
  3. Length of Your Credit History
  4. Types of Credit Used
  5. Your New Credit

You can improve your credit scores by taking a
close look at your credit reports and charting a
plan of action to improve them. There are dozens
of not for profit companies that help you
consolidate debt and provide you with free
counselling.  American Financial Services is one
such company that provides this type of credit
repair solution.

However, the first, but not last recommendation
you will receive from me in this article is to go
straight to the free information provided to
consumers by the
Federal Trade Commission.
Remember, our government is an expert in
creating debt. That's something they have been
doing for over two centuries! So with that much
practice creating debt, I'll wager an educated
guess that they are very good at understanding
and eliminating debt.

The last recommendation is a solution which
enables apartment renters to build credit with
rental payments the way homeowners do with
mortgage payments, regardless of income or
geography.  Demonstrating your credit-
worthiness with a bill payment history is one of
the smartest financial moves that you can make.
It is no longer necessary to go into debt to
demonstrate that you pay your bills on time and
that you are creditworthy. For more information on
how you can build credit without going deeper
into debt, visit:
www.prbc.com .