Phoenix, AZ (PRWEB) July 11, 2016
National Debt Relief recently shared in an article published June 10, 2016 how consumers can simultaneously pay off their debt while improving their credit score at the same time. The article titled “5 Smart Strategies To Pay Off Debt And Increase Credit Score At The Same Time” helps consumers with some strategies they can adopt today.
The article starts off by letting consumers know the value of paying off debt. Apart from being able to manage stress a little better, it also helps increase the credit score. Of course this does not happen overnight as it involves a lot of financial behaviors consumers must consider but the rewards are great.
The credit score is important because it allows consumers to enjoy low rates when taking out consumer loans. There are also instances when it can affect a person’s ability to get a great job. The article shares that one way to pay off debt and increase score at the same time is for consumers to simply pay in time.
The simplicity in this allows people to pay off their debts and increase their score because late payments affects 35% of the credit score. Paying just on time takes care of that much in the score. It is already a huge influence on the credit history and leaves just a few more to work on and think about.
The article also shares that consumers should work on and focus on their delinquent accounts to improve their score. This is important especially when it is the consumer’s first time to miss a payment. Lenders know that being forgetful happens to the best of their customers a slight delay can be overlooked and might not even make to the credit reporting bureaus.
To read the full article, click https://www.nationaldebtrelief.com/5-smart-strategies-pay-off-debt-increase-credit-score-time/