Having impressive credit scores can be key to enjoying a number of benefits. Good scores can ensure that you get loans without the need to produce security. You also get higher loan limits and lower interest rates. Other benefits of top credit scores include getting a phone contract with no security, faster processing of loan requests and better-negotiating power. Here are the top credit secret – fix your credit score.

Pay your bills on time

Paying your regular bills on time can be a good way to convince financial institutions that you are a trustworthy individual. Electricity, water, and telephone bills are among the payments that should be done before or on the due date. Doing this consistently reflects positively on your credit scores.

Limit the number of credit cards

Do not apply for a lot of credit cards because they may only end up working against your scores. Instead, make use of one or two credit cards. Keep in mind that each time you use a credit card it reflects negatively on your scores. Using more than cards will, therefore, create a negative effect.

Do not delete your debt history

A lot of individuals make the mistake of deleting their debt histories because they believe it may negatively impact on their scores. This is a false notion especially if you have been paying your debts according to the terms and conditions stipulated. Financial institutions are likely to trust you with more money if they can examine how you have been handling your debts.

Clear your credit card balances

If you are using more than two credit cards it is advisable that you clear minor balances on most of the cards. This is because minor balances reflect negatively on your overall credit scores.

Clear pending debts

If you have any pending loans you are encouraged to clear them as soon as you can. Pending loans will keep your scores below the desirable level until you completely get rid of them.

Do not apply for multiple loans

Submitting multiple loan applications at the same time may create an impression of being desperate which is why you should avoid the behavior.