With mobile phones and their contracts becoming so expensive, many mobile companies are relying on credit scores to determine whether or not a person should be eligible for one of their plans. If you have a low credit score, getting a mobile plan will be difficult through traditional means. While there are ways to get a mobile phone contract with your low credit score (like using our site), it would be best if you worked on your credit score in the mean time. That way, once your score is back up, you can get a normal mobile phone contract. Below are some ways to help you improve your credit score.
1. Time – First and foremost, you are going to need time to improve your credit scores. Credit reporting agencies look at your entire history when determining your credit score, so the longer you have good habits on record, the better your score will be. If you are just starting out, building up a credit score will take time. Changing your credit score won't happen over night, so just be patient, and keep up with good habits for as long as you can.
2. Credit Cards – Your credit cards are a big factor in determining your score. If you don't have one, you are going to want to get one. Credit reporting agencies can't see if you are reliable if they have nothing to go off of. Every time you use your credit card, you are adding more information into your file. This is why it is important to use your cards properly. Don't overspend with them, but also don't keep them tucked away. Make sure you are paying each one off in a timely fashion, and that you don't sign up for too many cards.
3. Debt – Just like paying back your credit cards is important, paying off other debts is a factor as well. If you owe a lot of money, this is a bad sign for credit reporting agencies. They will see your debt as an inability to handle your money, and will lower your score. Work on paying off these debts as quickly as you can in order to improve your score. Even just a little bit larger of a payment each month can go a long way.
4. Prompt Payments – Lastly, any time you have to make any sort of payment, make sure you do it on time. Missed payments on your record will lower your score, and they can stick with you for a while. Missed payments show that you are either forgetful as to when payments are due, or you are unable to budget properly – both red flags for credit reporting agencies. Set up a budget so that you always have enough money to make your payments, and mark the days down on the calendar to make things easier on yourself.
The best way to improve your credit score is to simply stay on top of it. You should check your score each month, and do a full investigation into your file every few months. That way you can see what is bringing your score down, and if it is improving. There are many services online that will help you to check your credit score, or to provide you with a copy of your credit file. Just remember to stay vigilant, but also patient. Changing your credit score will take time, but if you are persistent, you will see progress soon enough.