Debt Relief:Managing Your Credit

A person has to meet certain criteria to obtain credit. Creditors call upon credit reporting companies such as Experian, Trans Union, and Equifax to find what your credit score is. If your score is low, you are a high risk to loan money and chances are your request will be denied. The higher your credit score, the more likely the loan will be approved. Every time you apply for credit, your score drops. When your score is low, there are steps you can take to help you manage your credit and increase your credit score. Apply for a secured card or deposit money. Apply for a department store or gasoline credit card and build small balances, but pay them off in full each month. Over time, your credit score will rise, and you will qualify for unsecured credit cards on your own.