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10 Credit Hack Tactics to Give You a Perfect Credit Score



10 Credit Hack Tactics to Give You a Perfect Credit Score

There is a big misconception about perfect credit: people think that a perfect credit score is the “holy grail” of credit. In fact, a perfect credit score is unrealistic for most people. However, it doesn’t mean you won’t get it. You can achieve a perfect credit score by following some simple steps. Here are 10 credit hack tactics to give you a perfect credit score and avoid paying penalties.

For Credit Repair businesses, the perfect credit score is the Holy Grail. The perfect credit score is the score that everyone wants, that everyone knows, and that everyone is willing to pay dearly for.  When you pay thousands of dollars for a credit score, you want to know that it’s not a waste of your hard-earned money.

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Organize your different credit cards in one place

Receiving a monthly credit card statement

Calculates your payments 2 days in advance


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There are approximately 2,500 participating retail stores.

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The application can be downloaded for free. No savings, no fees

You can save an average of $96 per year. has an 85% success rate

Monitors your account balance to prevent overdrafts and alerts you to upcoming bills.

Why is it important to have a good credit history?

There will probably be many occasions in your life when you will need a loan. Larger purchases, such as B. Buying a house or apartment, buying a car, or refurbishing a home can require a significant amount of money.

You may decide that the best way to make such a purchase is to apply for credit from a bank in the form of a loan or mortgage. If you need credit, having a good credit history is essential, and there are a few practical tips that can help you improve your credit history.

Taking a close look at your personal finances can help you adjust your spending, improve your credit rating, and thus increase your net worth. Those who read the news and advice you read here on DollarBreak and act accordingly will make the breakthrough. Every day we answer questions from our readers and help you manage your financial problems, reduce debt, spend wisely to save, and create wealth that leads to long-term financial freedom. You can also get help from a credit repair company in your State. A quick Google search for credit repair Georgia will shows the best ones for that state. You can do the same for yours.

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The application can be downloaded for free. No savings, no fees

You can save an average of $96 per year. has an 85% success rate

Monitors your account balance to prevent overdrafts and alerts you to upcoming bills.


Track and cancel unwanted subscriptions

Negotiate with service providers to minimize your bills.

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Billshark has a 90% success rate in reducing its customers’ bills.

A $10 gift card for each family member or friend you refer.

How does your credit score affect you?

There are several ways to affect your credit history. For example, it can be difficult to rent an apartment (if you’re having trouble renting an apartment because of your credit history, read our article How to get an apartment without credit).

However, there are two main ways that your credit score will affect you in obtaining financing:

Interest rate

First, lenders charge higher interest rates to people with low credit scores. For example, let’s say you want to borrow $200,000 with a 30-year fixed rate mortgage. According to Bankrate, the interest rate for a credit score of 620 to 639 is 4.997%. However, with a credit score of 760-850, you get an improved interest rate of 3.408%.

In dollars, the difference in interest payments between a high credit score and a low credit score in this example is $66,754 over the 30-year term of the mortgage.

Similarly, credit card companies will charge higher interest rates to customers with low credit scores.


A high credit score may allow lenders to be more lenient in other areas of lending, such as. B. on the deposit. The average American family has less than $9,000 in the bank, and it is very difficult to make a large down payment to buy a home.

If you’re struggling to make a quick down payment on a car or house, a better credit score can give you more leeway to negotiate that cost.

So the worse your credit rating, the bigger the down payment you will have to make and the less you will be able to borrow – plus you will be penalized with higher interest rates and payments.

How is your credit score calculated?

It’s all well and good talking about the benefits of a good credit score, but if you don’t understand what a credit score is and how it’s calculated, this information is useless – you won’t know how to improve your credit score.

About four in 10 Americans have no idea how a credit score is calculated. With this simple guide, you won’t become one of them.

What affects your credit history?

The credit point system was invented by the Fair Isaac Corporation, also known as FICO. It calculates a person’s credit score by looking at their financial history. The main factors FICO takes into account when calculating your credit score are

Payment behaviour (35%)

This is the most important element in the calculation of the credit score and accounts for 35% of the total score. FICO takes into account both revolving loans (e.g. credit cards) and payday loans, such as mortgages or student loans.

Balance of debt (30%)

If you frequently go over your credit card limit or approach your credit limit, FICO will see you as someone who doesn’t know how to manage their debts responsibly.

Length of credit history (15%)

If you have a longer credit history, FICO has more information available to determine your credit score. It is impossible to get perfect results if you are new to borrowing. However, it doesn’t take long to build a good credit history, and once you start taking out loans, it’s good to have long-term accounts.

Loan applications (10%)

New credit applications are rewarded with 10% of the total points. When you apply for new credit, it works against you – especially if you apply for multiple new lines of credit in a short period of time. Only apply for credit when you need it, and remember that account balances and length of credit history have a greater impact on your credit score.

Composition of the loan (10%)

The final factor to consider in your credit score is the variety of credit products available to you. This category is a bit vague, but paying off several loans shows that you are a responsible borrower and a lower risk to lenders.

What does a good credit rating look like?

Your credit score can seem like a random number if you have nothing to compare it to.

In general, credit scores can be considered as follows:

  • Excellent: 800 to 850
  • Very good: 740 to 799
  • That’s it: 670 – 739
  • Very good: 580 – 669
  • Arm: 300 to 579

According to ValuePenguin, the average credit score in the United States is 695. You can find out where you stand by checking your credit score online – and with a service like Credit Karma, you can check your credit score for free anytime, anywhere. That’s right, you don’t have to pay a penny to find out what your credit score is.

10 Credit Check Tips You Should Use

Here’s an amazing fact: You need credit to build a credit history. Shocking, isn’t it?

It’s a strange phenomenon, but if you’ve never had credit before, you’ll have a harder time getting credit now. Without credit, lenders don’t know how you manage your credit and finances and consider you a high risk. So you need credit to build your credit score, and the better you manage your credit, the higher your credit score will be.

Here are 10 credit tips to help you improve your credit score:

1. Maintaining low credit utilisation

You need to take out loans to build your credit history, but that doesn’t mean you have to start depleting your cards. Using only a small portion of your available credit shows FICO and lenders that you are a responsible borrower.

A good rule of thumb is to use only 25% of your available credit. For example, if you have a credit card with a $1,000 limit, use only $250 of that credit.

2. Cards not closed

There are certain rules and prohibitions when it comes to taking out credit cards. Maintaining a small debit balance indicates a healthy balance. You should always keep multiple credit cards open. Even if you’re considering closing old high interest cards, it’s worth keeping them open, even if they’re not used often.

3. Debt repayment

Payment history and credit usage account for two-thirds of your credit score. The easiest way to improve your credit rating is to start paying off your debts. Reduce your total debt. This lowers the level of credit utilization. While you are paying off your debts, you are building your credit history.

4. Always pay your bills on time

Payment history is the most important factor in calculating your credit score. One of the simplest things you can do to improve your score is to pay your debts regularly and on time.

5. Reduction in debt to equity ratio

Your debt-to-income ratio is the amount of your debt relative to your total income. The higher this ratio (the more debt you have relative to your income), the lower your credit rating.

To determine your debt-to-income ratio, add up all your monthly debt payments. Then divide that number by your total monthly income (before bills, taxes, etc.).

6. Use your credit accounts wisely

Manage your credit accounts wisely. Don’t borrow money too often and pay your bills on time. Make sure you always do this, and you can maintain a good credit history for a long time.

7. Increase in credit limits

If your credit card company offers to increase your limit, take advantage of this offer. This way, you reduce your credit usage without having to lower your payments. A quick and easy win!

You don’t have to take advantage of the increased limit, but you should continue to use your money wisely.

8. Removal of negative entries from credit history

You may have black spots in your credit history that affect your credit score and deter lenders. You can contact a credit reporting agency (such as Experian) and ask to have this removed from your credit report. You need to plead your case and show that you have been more responsible with your credit.

9. Only apply for a new loan after you have checked your creditworthiness yourself

Every time you apply for a new loan, the lender will conduct a thorough credit check. This lowers your grade. A single application probably won’t have much effect, but multiple applications will.

Before you apply for a new loan, you need to do a soft credit check yourself. If you run your own credit check – for example, through a service like Credit Karma – this is considered a soft credit check and will not affect your credit history. A credit check to pre-qualify credit offers is also considered a soft check, as is a function check.

After checking your creditworthiness, apply for a loan only from institutions that accept your application based on your current creditworthiness. This reduces the number of applications you have to make to get a loan, and therefore has less impact on your credit history.

10. Getting the best financial products

Find the best products for your situation. Every lender and every type of loan is different. Some will be more useful to you than others, so it’s important to do comparative research – and you can do this online – to build your credit and ensure you choose the right product.

NerdWallet is one of the most popular online financial sites in the United States. It helps users compare different financial products offered by banks, insurance companies and other financial service providers.

With NerdWallet’s reviews and comparisons, you can do serious financial research before deciding which credit card to apply for, which loan or mortgage is best, which bank account offers the best interest rate, and which providers offer the best financial products for your mutual funds.

NerdWallet is easy to use, and one of its best features is a set of financial calculators – like a mortgage affordability calculator that helps you determine how much you can afford to spend on a house. You can also check out this guide on housing accessibility for more information. It explains how to quickly calculate your maximum mortgage based on your current salary.

When you create an account on NerdWallet, you’ll receive weekly notifications about your credit score and see the positive impact of the credit tips you use.

Not avoiding a credit hack

Building a good credit history doesn’t happen overnight. But these 10 credit tips will help you get a better credit score. Be disciplined, build your account and enjoy a better financial future.{“@context”:”https://schema.org”,”@type”:”FAQPage”,”mainEntity”:[{“@type”:”Question”,”name”:”How can I trick my credit score?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:” The best way to improve your credit score is to make sure you pay your bills on time and keep your credit utilization ratio low.”}},{“@type”:”Question”,”name”:”How can I raise my credit score 10 points in 30 days?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:” You can maximize your credit score by paying your bills on time and keeping your credit utilization low.”}},{“@type”:”Question”,”name”:”Can you fake a credit score?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:” Yes, but it is not recommended.”}}]}

Frequently Asked Questions

How can I trick my credit score?

The best way to improve your credit score is to make sure you pay your bills on time and keep your credit utilization ratio low.

How can I raise my credit score 10 points in 30 days?

You can maximize your credit score by paying your bills on time and keeping your credit utilization low.

Can you fake a credit score?

Yes, but it is not recommended.

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