Improve Your Credit Score In 3 Easy Steps
Having a good credit score helps you get your loan applications approved quickly. Not only that, but you get the added bonus of paying the lower scale of interest rates on those loans. In order to improve your score, follow the three useful tips discussed in this article.
Pay your bills by their due date.
One of the best ways to improve your credit score is to pay your bills on time. In fact your payment history accounts for 35% of your FICO score so this is an area. Any late payments increase your score, so make it a priority to pay those bills on time. Some things to help you in this regard are to put money away each week toward those bills. If you find that too difficult then organise with your bank to get a regular amount put into a special account for your bills. Also mark on your calendar when they are due. It would be a shame to get a decreased score simply because you made a late payment due to forgetting the date it was due.
Regularly check your credit report.
Your credit report is available for free once per year, so get your free copy and check it over for any inaccuracies. Errors in data processing and the increase in identity theft mean that some credit reports have errors on them that go undetected, leading to the individual receiving a lower credit score than they should have. Don’t let this happen to you – be sure to get your free copy every year and check it over thoroughly for any errors.
Dispute any errors.
If you do find errors on your credit report, mark them and photocopy your report and send it, along with an attached letter stating what the errors are to the credit bureau. Enclose copies of any relevant documents that can help you prove your case. Finding and then getting inaccurate items taken off your report can result in your score increasing, so it’s worth this yearly check over.
If this article has been helpful then visit my site for more information on how to fix your credit report and to find out what the various credit score ranges are.
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