Thank you for your interest in obtaining a loan or line of credit.

Regardless of any results you may have received, we want to help your situation for the long-term. We highly recommend doing the following things for the next few months to improve your credit scores and improve your overall credit situation, enabling you to better qualify for a loan/credit line at much better interest rates in the future. This is general information for all our customers:

1) Keep monitoring your credit (at least for a few months). If you’ve already signed up for credit monitoring, then continue for a few months. If not, you can always sign up here: https://consumerezcredit.com/credit-scores-reports-monitoring/
Monitoring your credit over time for the first few months will help you see if you’re taking the necessary steps to improve your credit. Signing up for a score just to see where you stand is one thing, but monitoring over time will help you track where you need to be on your path to financial freedom.

2) Sign up for multiple credit building products. You can find several options here: https://consumerezcredit.com/increasecreditscore/
When you first open a new account, your credit score may go down temporarily, but it will increase substantially over time.

3) Make all payments on-time. Do not be late. It can be for the minimum payment due, or you can pay more than the minimum payment. It really doesn’t matter. The more you pay, the less you will end up paying in interest.

4) Try to keep your card balances below 20% of the total available credit amount. Example: If your total available credit limit is $1,000.00, then try to always keep your balance below $200.00. You can go over 20% if you like, as long as you get the balance below 20% before the “Statement Closing Date”. See item # 5. If you cannot keep it below 20%, that is fine. Just keep it as low as you possibly can.

5) Statement Closing Date: for each credit card that you use, find the Statement Closing Date. This is an important date. Try to always make your payments before the Statement Closing Date instead of the “Payment Due” date. Get your balance below 20% of your available line of credit before the Statement Closing Date, whenever possible. These are some of the best things you can do to increase your credit score and improve your overall credit situation.

Sincerely,
ConsumerEZCredit