Applications for new credit can lower your score, especially if you do not have a long credit history. It does not lower your score if you order your own report directly from the credit bureau.
Manage Your Credit Report
Step one is to order a free copy of your credit report Personal Credit Pros and check it for erroneous information. Mistyped social security numbers and name spelling errors can result in other people's bad information appearing in your report. This happens more often than you might think.
If you do find inaccuracies, write to the credit bureau, provide an explanation and evidence (such as proof that a disputed account was settled), and demand a correction.
Set up payment reminders
Reduce the amount of debt you owe
Pay your bills on time
Talk to creditors if you are having difficulty making payments
Your credit score matters for bonding and other purposes. It is worth taking the time to manage and maximize it.
Disclaimer: We are not credit counselors and are not providing financial advice! We are Surety Bond Specialists.
If you need a credit counselor, contact one.
Steve Golia is an experienced provider of bid and performance bonds for contractors. For more than 30 years he has specialized in solving bond problems for contractors and helping them when others failed.
The experts at Bonding Pros have the underwriting talent and market access you need. This is coupled with spectacular service and great accessibility.
Contact us today and discuss how you start a new bonding relationship for your company or increase your current bonding capacity. Call 856-304-7348.