Less Than Perfect Credit
Posted: Nov 04, 2009As millions of Americans are beginning to discover, once your credit history starts to go south, it can often be a daunting task to improve it. However, instead of the panic and dread they feel, First PREMIER Bank wants you to know that there are options if you've had bad credit in the past. You don't have to settle for less than perfect credit. That's why we're proud to offer some helpful tips for building your credit history. (And yes, it will take some discipline and willpower, but we're confident you can do it!)
Tip #1: Closely monitor your payment history. This is a biggie, and one that trips up a lot of consumers struggling with less than perfect credit. Your payment history can account for up to 35% of your credit history,according to www.myfico.com. That should provide proper motivation for you to consistently pay the right amount, on time, every month.
Tip #2: Watch the amount and number of outstanding balances. Carrying high balances and/or too many accounts at once can take its toll on your credit history, according to www.myfico.com. This factor accounts for an additional 30% of your credit history.
Tip #3: Be aware of your options. As we mentioned before, just because you have a bad credit history now doesn't mean you'll always have bad credit. First PREMIER Bank features an entire line of credit cards designed for those with less than perfect credit. Take the first step now and start our simple application process. All you have to do is fill out our quick and easy online credit card application and then wait 60 seconds for your response. Apply now!
