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									Tips to Check and Improve Your Credit Score



You're in your home watching your favorite television show. Since you're enjoying it too much, you run out
of snacks. So you put on a jacket, and scramble your way outdoors to go to the nearest store. When suddenly
you stop and walk your way back towards your house. What could be the reason behind this?


Well, it's quite simple. You can't proceed to the store because you haven't paid your debt. If you're always
like this, there is a big chance that you can't handle bigger debts. And with the overabundance of people
incurring debts everyday, they are looking for quick and easy ways to improve their credit scores.


Credit scores helps in building a good credit history, so if you constantly leave your bills unpaid, and don’t
take your credit transactions seriously, your credit score will eventually go down.


If you have credit, you must be responsible enough to repay what you owe, otherwise this will reflect in
your credit report. Suppose now you have a low credit score; its time that you start improving or cleaning it
up little by little. How will you do it? Consider the following tips:


1. Review your credit report on an annual basis. There are three credit-reporting agencies, so you must get a
copy of your credit report from each agency. Check for any mistakes, and if you do find some, you must
have it corrected. This will usually take about three months before the change can take effect. If you are
planning to apply for a loan, you must do this ahead of time.


2. Start paying all your dues on time, and if you can afford it, always pay the bill in full. Don’t leave
balances because this will greatly help in improving your score.


3. If you have a credit card, you may want to start paying your remaining balance until you've reached about
25% of the credit limit.


4. Credit insuring is important if you want to purchase a car. Having a car nowadays is important especially
if you need to travel every now and then. Car dealers can help in arranging your finances. This is called
repossession insurance. Though it can be expensive, it is one way to improve your credit score and secure
vehicle loan.


5. Start applying for account overdraft if you have a checking account. This means that you can issue a
check more than what you actually have in your checking account without getting extra charges. The excess
amount will be reflected in your monthly bill. Banks report to credit agencies, so make sure that you pay
your debt on time to have your credit score improved.


6. Join clubs which charges annual fees and those that report to credit bureaus. Just make sure that you meet
all the club's requirements. Some clubs arrange for financing, and if you receive credit, pay your debt on
time. This is also one way to improve your credit score.


If you follow the tips mentioned, you're on your way to repairing your credit report. Your credit score is
your only way to getting finance on credit, so make sure that once you've improved it, stay on the right track
and avoid getting bad debt again.


Maintaining a high credit score entails great responsibility and discipline. Start now, while you still have
room for improvement.




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