This is not credit repair, it's secret ways to tweak your credit scores to an 800+ score.

First we have to understand how credit works. Your credit score is a living, breathing entity and you must know and follow the rules to win the credit score game.

Yes it is a game. We all know that your mortgage interest rate is based on your credit scores. You need a 740 - 760+ credit score to get the very best of the best these days. Only about two years ago those numbers were 700-720+ earning you the best of the best interest rates.

Did you realize the credit card companies have a "tier" system to their interest rates.
Tier 1 = 760-850
Tier 2 = 720 - 759
Tier 3 = 680 - 719
Tier 4 = 602 - 679
Tier 5 = 580 - 619
Tier 6 = 500 - 579
Tier 7 = 350 - 499 with each tier having it's own set of rules and interest rates.

There are simple things you can check on and correct to boost your scores. This is especially important to those of you who have experienced hardship. Example: a foreclosure will drop your scores at least 300 points.

Lets look at some of the simple fixes.
1) Identity issues creates unused credit profiles. This causes confusion on your report and can lower your score by 30 points. Lets say your report has your name(s) as Susan R and Susan W and Susan Z. The first is your middle initial then your married last name and then your maiden surname. Three names would be best converted to one.
2) Marriage gives you two financial entities. Again, possible confusion for the credit reporting machine.
3) The right revolving account delivers more points. Example: a department store credit card with good payment history gives you fewer points than a major bank card. Why, you got me, that's just how the bankers want it. Type and quality of your accounts play a big part in your score. The oldest credit card with the highest credit limit with a zero balance will give you more points than other accounts. (Please refer to my website; www.minocquamortgage.com for general guidelines)
4) Paying as contracted is great but to boost your score always pay the minimum plus a small additional payment.
5) Pay your credit card the day before the end of your grace period. This does two things. It not only boosts your credit score but it also reduces any balance owing as interest is calculated on remaining balance. That's two birds with one stone.

I realize it's difficult to keep an eye on everything these days but knowing what your credit report says and tweaking your credit scores is something everyone should, no must do. We all want the very best of the best and now you know additional measures you can take to assure you do get the best.

For more assistance with credit issues, refinance or purchase mortgages or just to say; I like what you write; please contact us at www.minocquamortgage.com or email us at marcia@minocquamortgage.com - your Minocqua and surrounding area mortgage experts.



 but please keep in mind that all your billing premiums are based on your ability to repay the debt. Therefore, all creditors are using some sort of scoring scheme. Your home owners insurance premiums are based on a scoring system specific to the insurance industry. Your cell phone service provider pulls your credit before they sell you a calling plan, and the list just goes on and on.

So lets tweak your scores:
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