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					How To Improve Your Credit Score the Easy Way



Many people tend to neglect the fact that credit scores are very important in today's society. This simple
three-digit number will significantly affect how you live your life and also your financial status.


By having a good credit score, you will be able to have access to the best loan and credit card deals available
today. It will also be an important factor when you want to get a phone line hooked up in your home. Also,
some companies prefer to hire people with good credit scores.


Now that you know how important a credit score is, you need to know what credit score is all about and how
you can have a good credit score or at least improve your credit score.


Firstly, a credit score is a three-digit number that creditors look at to determine if you are credit worthy.
What this means is that this is what most creditors base upon if you will be approved for your loan or credit
card application. This will tell them that you will likely pay the loan or the credit card bills on or before the
due date.


If you don’t pay your bills on time, you will have a bad credit score or credit rating. This is because creditors
will report to credit reporting agencies about your activities regarding how you pay your bills. This will
serve as a record of your paying habits. The credit report will then be available to other creditors you try to
borrow money from or try to apply for a credit card from.


If you have a bad credit history, the chances of you getting that application approved will be slim. Or, you
can get a loan or credit card application approved but it will usually contain a high interest rate because you
are deemed too risky to lend money to.


This is the reason why you need to improve your credit score in order to have access to the best loan and
credit card deals available. Not only that, it will be easier for you to get a job, rent an apartment or even get
a phone line hooked up because companies that offer these things will be sure that you are credible or is
credit worthy.


The first thing you have to do when you try to improve your credit score is by cutting of the sources of
negative credit reports about you. To do this, you need to pay your previous delinquencies or pay off your
overdue loans. This will not significantly improve your credit score but it is a good step in cutting off the
negative reports that will make your credit score much worse than it already is.


Now that you eliminated the negative sources of the reports, the next step is to improve your credit score.
There are several ways to do this. The first one is request for a copy of your credit report from the three
major credit reporting agencies. By doing this, you will be able to know about your credit status and also
know whether there are any errors in it. For example, if the credit report contains an unpaid debt that you
have previously paid before, send a letter containing a request to fix it and also send a copy of the proof that
you already paid the debt in full. Errors like this can and will significantly lower your credit rating or credit
score.


The best thing you can do to improve your credit score is to pay your bills on time. By doing this, you will
make a positive credit report and therefore, will result in higher credit score.


Always remember that it is you who will determine whether you get a good credit score or not. By paying
your obligations on time, you will be able to improve your credit score.


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posted:1/17/2012
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