Your Credit Report Can Be The Envy Of All Your Neighbors!


Sometimes, by the time you find out that there is such a thing as AAA credit, it’s only because you don’t have it anymore. It is possible to repair your credit once things have gone wrong and reestablish credit at that level, but beware of gimmicks. There are the obvious options of bankruptcy, credit counseling, and debt negotiation in order to get your credit cleaned up. Those are viable options, but you may be disappointed to find out that they will take some time to reestablish your credit rating—sometimes years. Many people try and bypass these common sense methods and instead turn to the plethora of books and videos that promise to give you an “AAA Credit Rating in 30-Days.” They make promises of credit ‘secrets,” and amazing tricks that they will share with you—for a fee. Unfortunately, all of these are either scams, or someone packaging and selling information that’s available for free. In short, if your goal is to reestablish AAA credit, it might be best to take the long road instead of the quick fix.

If you are just starting out with a clean slate and want to build fabulous credit and keep it, the first thing you’ll need to do is to set up a checking and a savings account. Points will be deducted from your score if you don’t have them. If you don’t have any credit history, begin by getting a credit card that has a manageable limit and low interest rate. Secondly, don’t borrow more than you can pay back. As you begin to use credit cards, which are an excellent way to build AAA credit, make sure you don’t go over credit limits or keep balances too high. Eventually, you will want to own two to four cards. This will help your score because it shows lenders that you are managing your credit and you can handle the responsibility. If you are trying to rebuild, you may have to start with a secured credit card, and then build from there.

It’s important to keep your debt to income ratio under 20 percent, and don’t make too many requests for additional credit. Every inquiry for a credit card or a loan shows on your report. If there are more than four over the past year, that’s a strike against you. Stability with your home and your employment helps a great deal in establishing AAA credit. If you’ve been in your home four years or longer, and with your current employer for five years or more, you add more points to your score.

Finally, make sure to monitor your credit history. There are agencies that will send you notification every time someone makes an inquiry on your report and will allow you a certain number of requests for your credit report per year. If you don’t require that much monitoring, just request a copy of your report once a year from each bureau. Look it over carefully and then follow the procedures to challenge any errors in writing. If you are diligent and responsible, you will have AAA credit before you know it!

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About The Author:
Peter Dobler is a veteran in the IT business. His passion for experimenting with new internet marketing strategies leads him to explore new niche markets.
Read more about his experience with credit and mortgages; visit

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