Protecting My Credit Score Rating
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Building Credit History » Protecting My Credit Score Rating

Protecting My Credit Score Rating


Updated: December 26, 2012

By
Add to Favorites:

With the world's economic crisis, a lot of people are losing their job. Losing a job also means losing your purchasing power. Do not be disappointed instead find for another job and do your best to increase and maintain your credit score rating. Being unemployed gives headache and is such a difficult challenge to deal with. If you are lucky and had saved enough money, then you are out of the mess. Whichever the case is, here are some tips on how you could protect and maintain your credit score at the same time.

  1. If you could not do your credit report improvements, then you might choose a credit counselor to help you. You should know your credit reports' status. If you ever see any derogatory items on your report, you must do something immediately to correct it. You could send letters to your credit assessment agencies disputing about the anomalies on your credit reports. Next step to do is to get a new credit card. This would allow transfers from other credit cards into their card.
  2. Do not use your other credit card for new purchases instead use it to transfer your current balance. If you could not get another credit card, then you might ask your credit card company to decrease your interest rate.
  3. Tell your current credit card company that since you have lost your source of income, it would be very difficult for you to pay your credit dues on time. However, assure them that you want to maintain your credit score and improve it as well.
  4. On the contrary, there are companies that do not consider any excuses. You just have to keep on pursuing and tell them that you really want to keep up your credit score no matter what.
  5. If you could not pay your bills anymore, you would incur a bad credit history and would have a tough time fixing your credit score. You would be forced to get credit cards for bad credits to be able to repair your credit score.

Having a credit card and losing your job at the same time is such a tough task to deal with. Whatever happens, you have to seek any means to pay your credit dues and maintain a good credit score. Of course, you would not want to end up getting bad credit credit cards.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When Amazon.com was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading