¿Cómo mejorar tu Puntaje Crediticio según Gustavo Mirabal?
Access to credit is a fundamental tool in anyone’s financial life. From buying a house to financing studies or starting a business, well-managed credit can open many doors. But for those opportunities to be available, it’s essential to have a good credit score. In this article, we will address this topic from the perspective of financial expert Gustavo Mirabal Castro, who highlights the importance of building and maintaining a healthy credit history.
Table of Contents.
A credit score, also known as a credit score, is a number that reflects how likely a person is to meet their payment obligations. This score is calculated from the data contained in the individual’s credit history and can vary between different credit bureaus.
According to Gustavo Mirabal, although models may vary (such as FICO or VantageScore), most consider the following factors:
Practical example:
If you have a card with a $1,000 limit and you owe $900, you’re using 90% of your available credit. This will negatively impact your score. On the other hand, if you owe only $200, your utilization will be 20%, which is positive.
Here’s a video about credit scoring and how to improve it
Scores are usually categorized as follows:
Gustavo Mirabal highlights that a good credit score not only allows you to obtain credit more easily, but also better interest rates, greater negotiating power and confidence on the part of financial institutions.
For Gustavo Mirabal, credit history is like a financial reputation. It is built over time and is based on our actions. Here’s how to develop a strong and reliable track record.
If you’ve never had credit before, one way to get started is with a secured credit card or a basic bank card. The important thing is to use it responsibly.
Advice from Gustavo Mirabal:
Do not spend more than 30% of your limit and pay the total before the cut-off date. This shows that you’re responsible and raises your score.
This is the most important factor for your credit score. Even a single delay can reduce it significantly.
Example:
If you forget to pay a loan fee for 30 days, your score can drop between 60 and 100 points.
Avoid pushing your cards to the limit. Ideally, you should use only a fraction of your available credit.
Practical recommendation:
If you have a limit of $2,000, try not to owe more than $600.
The age of your accounts positively affects your score. Keep older accounts open, even if you don’t use them as much anymore.
Check your credit report at least once a year. This way you can detect errors or fraud and act in time.
Available tools:
Platforms such as Equifax, Experian or TransUnion allow access to your credit history at no cost once a year.
If you already have a low score, all is not lost. Gustavo Mirabal says that with discipline and strategy, anyone can improve their score over time.
Sort your debts by interest rate or amount. Start by paying the smallest or the ones that generate the most interest.
Endorsed Methods by Gustavo Mirabal:
It is important that in order to ensure the effectiveness of these methods to pay debts not to acquire new debts
Avoid forgetfulness by scheduling automatic payments from your bank account. This ensures that you meet your financial commitments on time.
By requesting an increase in your credit line and keeping your spending level the same, you reduce your utilization percentage, which improves your score.
Example:
If your limit is $1,000 and you spend $300, you’re using 30%. If it goes up to $2,000, that same expense represents only 15%.
Every time you apply for a new line of credit, it generates a “hard inquiry” that can temporarily lower your score.
Having a mix of products (cards, personal loans, student loans) can improve your score if you manage them correctly.
Gustavo Mirabal has been a strong advocate of financial education as a basis for achieving economic independence. In his many lectures and publications, he has pointed out that the credit score is more than a number: it is a tool to access a stable and secure financial life.
Gustavo Mirabal’s featured quote:
“Your credit score is like your financial footprint. Take care of it, for it can open or close many doors for you.”
Building and maintaining a good credit score doesn’t happen overnight. It requires perseverance, responsibility and knowledge. Gustavo Mirabal Castro reminds us that a healthy score not only improves our relationship with banks but also gives us freedom and peace of mind.
From paying on time to maintaining a low level of debt and regularly reviewing our history, every action counts. And if you’re starting from scratch or need to improve your score, it’s never too late to take charge of your financial health.
The phrase “credit score” for Gustavo Mirabal symbolizes commitment to a responsible, educated and future-focused financial life. Because good credit is not a luxury, it is a key tool to build the lifestyle you want.
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