How to increase your credit score – Tips from Philip Tirone

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 30, 2009 -- If you are planning to buy a car or a house, then your three-digit credit score number (FICO score) is very important. It is generated from the information in your credit report and you will pay interest rates accordingly. "The mantra for getting a great score is pay your bills on time, keep account balances low, and take out new credit only when you need it," says Craig Watts, consumer affairs manager for Fair Isaac Corp.

Consumers with scores above 700 are usually charged relatively low rates, and those with scores above 760 are charged the lowest rates. But the question is how to get such a high credit score? Philip Tirone, a leader in the credit industry, has created the answer to all your questions. He has created the 7 steps to a 720 Credit Score program to expose the rules of the credit game. It is especially helpful to those who have suffered from bankruptcy, foreclosure or have a bad credit score. His mission is clear: Educate Americans on how to increase their monthly disposable income without changing their lifestyle, simply by understanding the credit-scoring process. Realizing the strain this lack of credit transparency has on the American financial system, Philip has made a personal commitment to show consumers how to navigate our credit system until our credit laws are changed and are fair to consumers.

Philip gives a few quick tips to improve your credit score for a comfortable and tension-free living. They are:
• Learn to pay your bills on time: Delayed payments have a negative impact on your credit score. On-time payments can automatically improve your credit score.
• Manage your credit cards: A person with no credit cards are at a higher risk than someone who has managed credit cards responsibly. So, having credit cards can increase your credit score if you are taking the responsibility of managing them.

• Low balances on credit cards: Your credit score can be affected by your high outstanding debt. Your average score can be reduced by up to 70 points if your outstanding debts are high. Thus, it is preferable to keep your credit card balance as low as possible.
• Closing an account can have a negative impact: Closing of an account completely will reduce your amount of available credit and will thus have a negative impact on your overall score. It is great to pay off the balance but leave the account active.

In his program “7 steps to a 720 credit score”, Philip has provided a few unrevealed secrets that will help you to improve their credit score. He says, “Our program provides you with all of the information and tools necessary to improve your own credit, including forms, templates, letters, and worksheets that will help you raise your credit score to 720 and put hundreds of dollars back into your pocket each month.”
To learn more about this program, you can visit the website:

www.creditscoreto720.com
OR
www.thepracticalguidetoexceptionalliving.com/resources/

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