Improve Your Credit Score
The first thing you need to do in order to improve your credit score is to find out what information the
credit companies have in your account. Once you have all the information you can devise a plan on what
to do to increase your score.
There is no sure fire way to increase your score quickly but there are things that you can start doing
immediately that will help in the long run. One of the main things that you need to do to increase your
score is to start paying your bills on time, every time. Remember that some companies have grace
periods but they vary and they may report a late payment even though it was only a day late. This is why
it is critical to get your payments there on time.
Keeping your account balances low will also help increase your score. One trick that you can do is to
move your balances around and spread the debit among all your credit cards. It does not help to have
one card almost maxed out and several cards with no balance at all. Evening out your usage is beneficial
when calculating your credit score. You are not spending less just spreading the debit out.
There are some common sense ways to improve your credit score. One for instance is to pay down your
debt. This does not mean closing out accounts. You do not want to close your accounts, just pay them
down. When the score is calculated it looks at how much available credit do you have compared to how
much credit you are carrying. If you close accounts it reduces the amount of available credit to you so
the same amount of debt effects the calculations differently.
Fix the errors you have found on your credit reports. Look for accounts that aren’t yours, late payments
that are not late and debts that you have paid off that were not removed from your account. Some
companies are quick to report deficiencies to the credit companies but take their time removing bad
marks from your record. It is up to you to watch this and ensure that your information is kept up to date
and clean. You do not need to hire a company to help remove bad items from your accounts. Credit
Score Monster has links available to start the process of contesting items on your reports.
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