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Ten Tips To Help You Improve Your Insurance Score

Credit scoring is here to stay for pricing insurance coverage.  Please review the follow ten tips to help improve your insurance score and hopefully reduce your insurance cost.
1.  Pay your bills on time. Timeliness in paying your bills improves your score.
2.  Manage your outstanding balances. As a rule of thumb, maintain account balances at least 75 percent below your available credit.
3.  Avoid excessive inquiries to your credit reports. Too many inquiries may negatively impact your score.
4.  Limit the number of credit accounts. Your access to excessive unused credit could result in too  much debt.
5.  Review your credit report regularly. Know what is on your credit report, and take necessary steps to  dispute any inaccuracies.
6.  Avoid ‘quick’ credit fixes. Good credit is built  over time.
7.  Manage your debt consolidation. Consider how to effectively pay down your debt without generating more credit activity.
8.  Limit the amount of new debt you take on.  Too many new loans or credit accounts opened in a short amount of time can negatively effect your credit rating.
9.  Establish credit if you do not have a long track record. A longer credit history has a positive impact on your score.
10.  Work with your creditors. Resolve outstanding  balances before they are turned over to  a debt collector.
Good Luck and good living with an improved insurance score!