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11 Ways to Increase Your Credit Score

11 Ways to Increase Your Credit Score

We all know that a good credit score greatly helps in the chances of you getting a credit or a loan and is quite efficient in procuring other utilities too. A good credit score will determine whether you get that high-paying job or if your car loan will be approved or not. Since a credit score is important in various aspects of life, it is important to ensure that you have a good credit score at all time. So how can you do that? Here are 11 ways to increase your credit score in no time.

Increase Your Credit Score

Check your credit report regularly

You can’t improve your credit score overnight, it would take a lot of effort and patience on your part. So the first step would be to diligently check your credit report and determine what you need to fix and focus on that.

Dispute errors

Check your credit report and ensure that it displays only the correct information. If you find any information which is inaccurate, then you need to go ahead and dispute it and get it fixed on your credit report. Inaccurate information can greatly harm your credit score so don’t neglect it.

Pay your bills on time

Make sure that you always pay your bills on time and don’t miss any payment installment. Missing a payment will end up on your credit report and will seriously affect your credit score. So always make sure you avoid any late payments.

Become an authorized user

One of the best ways to increase your credit score is by becoming an authorized user on some other person’s credit account. This would help you as their credit history will reflect on yours too and would give a boost to your credit score.

Get a credit card

Another way to boost your credit score is by applying for another credit card and then using it limitedly. Make sure you get a greater limit on your new credit card and keep it free of any debt, this will help you in improving your score tremendously.

Create a budget

One of the best ways to increase your credit score would be by making a budget plan and then stick to it. This way you would only spend money on stuff which is absolutely necessary and would avoid piling up any kind of debts.

Pay attention to your credit history

Make sure you keep your credit history clean and good and that there are no late payments or unbilled debts in your history. This will ensure that your credit report reflects the same and your score will remain good. You can learn more about improving your credit score at

Clear up collection accounts

One of the best ways to boost your score is by clearing away all the collection accounts debts. This includes library fees, parking fees, etc. and it is quite important that you clear these fees out too.

Pay attention to your credit utilization

Always make sure that you keep your credit utilization to just 30% as anything more than that could seriously make your credit score suffer.

Stop splurging on useless stuff

Don’t buy things unnecessarily, only use your credit card when needed and don’t splurge on fancy items. This will help you in keeping a clear credit history.

Fix your late payments

You might be tempted to close your accounts which have a lot of missed payments but that won’t help your case at all, it would still show up on your credit report and jeopardize your credit score.

Discounted Car Insurance Prices

Discounted Car Insurance Prices

Today there are all kinds of discounts in auto insurance. They are great for helping consumer to keep their premiums low. It is amazing that how many people simply will not take the time to find them out and take advantage of them. They are always there for the taking.

There are many different kinds of discounts such as-

(1). Good Student Discounts – If a student maintains good grades insurance companies reward them with discount rates. This is based on their belief that students who consistently make good grades will not only be smarter and make better decisions, but they will be studying more than driving. This lowers their risk for being involved in an accident.

(2). Group Discounts – This type of discount works similar to group insurance for many factories or companies where people work. Consumers can be members of an organization and get a group discount. They could be part of a credit union or some other group where these types of discounts are awarded. Not all insurance companies participate in these types of discount but many do.

(3). Financial Stability Discounts – You might have to do some searching to locate an insurance company that participates in these discounts. If you can find one they are a great help in lowering the premiums for policy holders. These discounts are awarded by providers to consumers who maintain good credit scores.

(4). Theft & Safety Devices – It is common practice for insurance companies today to offer discounts for safety devices and anti-theft equipment installed on cars. They like these precautions because it cuts down on the number of claims that are likely to be filed. That makes these devices a very good investment for car owners. They will eventually save more than enough on premiums for their one-time investment.

(5). Multi-Car Discounts – A consumer can save a significant amount on premiums with multiple-car discounts. It a person owns two or more vehicles that are placed under the same policy the premiums will be lower when compared to obtaining separate coverage on each vehicle individually.

(6). Defensive Driving Discount – Once drivers have left the ‘inexperienced’ demographic (after about 3 years) they will see their car insurance rates go down. It goes in the opposite direction for drivers over age 55 because they become more of a risk. However, these drivers can take a defensive driving course and have their premiums lowered by as much as 10% on a Defensive Driving Discount.

The Index Adjustment System

The Index Adjustment System

You can trade stocks with this easy to use stock trading system! This will help in everything. It is a ready to use system for all those who are interested in purchasing stocks on regular basis.

The main system strategies can produce gains up to 5 points and higher in four days or less. The minor system strategies are used surrounding the main system strategies to reap additional profits for you. Read the details about this stock trading system and view the performance record, including total profit calculations, for 1998, 1999, 2000, 2001, 2002, and 2003. You can also see the main system strategies and the minor system strategies in action by viewing the trading example stock charts.

Rates of Car Insurance

Rates of Car Insurance

Getting the best car insurance rates is important in a tight economy. The reason for the large variances in car insurance rates across the country is the huge number of different insurance providers. All these insurance companies are competing against one another to attract customers. It is the smart car insurance shoppers who end up with the best rates. Comparison shopping is a crucial part of finding the best affordable car insurance rates.

Determining Factors For Car Insurance Rates

Each state has a different set of laws and regulations. Shoppers need to locate the best affordable car insurance providers in their state and compare them to others from that state. The state you live in has a lot to do with what your car insurance rates will be.

Demographics plays a huge role in what car insurance rates will be. For example, younger drivers will generally pay higher rates than older drivers. Everything is ruled by statistics and the statistics reveal that young drivers have a much better chance of being involved in an accident than the older drivers. This puts them at higher risk and therefore at higher rates as well.

Jobs are also figured into car insurance rates. Some jobs require more travel than others. Logic dictates that the more miles a person drives the more probability of an accident. Higher mileage increases risk and the rates will follow suit.

Aside from the state you live in the area will also be a contributing factor. Some areas are considered more high risk than others. People who live in areas that have higher car repair costs or higher medical care or incidents of crime or accidents will have higher insurance rates. The insurance companies leave nothing out of the calculations.

Even you credit score is part of your rate calculation. Many car insurance companies still involve credit scores in their calculations in spite of the fact that newer legislation has cracked down on that practice. Still the insurance company likes to know if a person is dependable and pays their debts and if they have had any bankruptcies. This is a good indicator in regard to any future claims activities.

Having a good driver profile goes a long way toward getting cheaper insurance rates. Driving history is yet another key factor in the calculations. If your history shows you to have been a safe driver and are a low risk for filing any future claims then your rates will come down.

Personal consumer information is the next factor in insurance rates. This includes occupation, salary, age, and address. They are all considerations for insurance companies.

The kind of car you drive will play a part in your rates as well. The insurance companies will factor in the model of your car, what year it is, what the maintenance and repair costs are, and what security devices are installed on the car. Usually you can measure it like this – the more expensive your car is the more expensive your rates will be.

Nasdaq Set to Splat

Nasdaq Set to Splat

I am going to start a new series where I occasionally share actionable picks related to my subscription-based newsletter Wall St. Cheat Sheet. Recently, I have been watching Nasdaq OMX Group Inc. (NDAQ). Sellers have become more aggressive since October. However, buyers have been protecting the ~$18.10 area since the start of 2009. When this happens, it sets the stage for a potential breakdown if the line of defense breaks. Psychologically, many who were buying at $18.10 and remaining calm will decide to cut losses if we head lower. Additionally, those who are profitable from the lows ($14.96) will look to lock in profits as they fear a disappearing act. When this fear-fueled supply hits the market, we are presented with a low risk trade.

In this case, the first price target is $16.57,the second is $15.65, and the third is $14.96. So, if you enter a short or put position at a break below $18.10, you will look to take profits at these targets. Of course, you should take profits whenever you want. These are just suggestions and change in real-time depending on how the market behaves (you must make those determinations because I will not be there to tell you when to sell). You can set your stop-loss at $20.50 or $21 depending on your risk tolerance and outlook for the market. Once your trade is firmly profitable, you can always lock in profits by lowering your stop-loss to first break-even and then other profit levels that make you smile.

The risk-reward for this trade is not the ideal 2-to-1, but the setup is strong. Remember, NDAQ will only breakdown if the market continues lower. In the event the rally resumes (which is possible during volatile earnings season), all bets are off for now.

I am not recommending you make this trade. I am simply sharing a trade setup that I plan to take if the market conditions dictate an edge. For example, if you got short NDAQ today in the last 5 minutes of trading, there is a reasonable chance we could open higher tomorrow. Thus, it was a high risk trade (i.e., not my style). However, if we break below the entry tomorrow morning and the markets confirm weakness, the odds are much more favorable — and this game is all about trading with the odds, and watching when they are not on your side.