Cincinnati Credit Restoration

Establishing and maintaining a good credit score is a great way to create a stable financial foundation. If you improve your credit score, you could potentially qualify for lower interest rates and better loan terms. Large purchases such as homes, cars, inventory or other investments will usually require taking out a loan to pay off the total amount. If you do not have good credit, then it can be very difficult to tack down a great loan. Credit restoration rarely happens overnight, but there are several things that you can do regularly to restore and improve your credit score.


    The first thing you should do is find out what your credit score is currently and see what the entries on your credit report are like. If you have unpaid balances or other negative remarks, let the credit bureau know that you are disputing the claims against you. It is possible that some of the items on your report could simply be mistakes. You should also dispute these claims so that they no longer affect your score negatively.

    Increase Credit Limits

    Another factor that some people have not considered when it comes to the health of their credit is whether or not they have credit cards. In fact, not having an open line of credit can make your credit worse than if you do have an open line of credit. The goal is to balance out the ratio of credit available to you versus the credit that you actively use. Asking your providers to raise your limits can be an easy way to manage this balance. Another thing to think about is opening another credit card account.

    Outstanding Balances

    An obvious solution to raising your credit score is to pay down any outstanding balances that you may have on your credit report. Ways that you can make this possible is to go on a watered-down budget to free up some funds to go towards paying own these balances or selling something that you own. It is a smart move to pay down newer credit accounts that have the highest interest rates before attempting to pay down other accounts. This way you do not continue to accrue debt at a fast rate.

    Credit Upkeep

    Ultimately, the best way to keep your credit score looking good is to maintain good standing in all your open accounts. If you have a family member with good history, it may be worth talking to them about adding your name as an authorized user to their credit accounts. You could end up benefitting from the available credit on that person’s card. Hold on to your older credit cards and close a newer account instead. And make sure to pay all of your bills on time.