Would you like to improve your credit score? Your credit score is pretty important when it comes to getting approved for loans and credit cards. And the better your credit score, the better rates for financing you will get. Raising your credit score isn’t always easy and isn’t fast either, but here are a few tips that might help.

  • Get Yourself a Credit Card. When you use a credit card properly, you’re able to build up your credit score. If you currently have an ok or better credit score, you likely have several credit card options available to you. If you have less than ok credit or bad credit, you need to look into a secured credit card. No matter which type of card you get, you’ll want to make sure you submit payments on time.

  • Make Sure Your Credit Report is Accurate. You are allowed one free copy of your credit report every year from each of the three major credit bureaus: Equifax, Experian, and TransUnion. When you receive your credit report(s), review it very carefully. A mistake could impact your credit score negatively. There might also be other potential errors that might include incorrect personal information, accounts you don’t recognize, or missing payments that you know you made. If you find an error on your credit report, you are able to dispute. Be sure to dispute any errors you find.

  • Take Care of Your Late Payments. Late or delinquent payments can stay on your credit report for up to seven years. If these late payments are hurting your credit score, you will need to take steps to solve the issue. Set up payment reminders so you don’t miss a due date. If you have problems making payments because all your bills come at once, you can likely change your due date to spread them out more evenly throughout the month.

  • Clear Up Any Collection Accounts. If you have any unpaid debt, this can really hurt your credit score. Pay off your debt as soon as you can. This is often not easy or possible. Some collectors will stop reporting debts to credit bureaus in exchange for full payments or call them to create a payment plan.

Whatever your situation is, there are always options to improve your credit. You don’t need perfect credit to apply for a home mortgage but you do need a credit score and an ok score at that. I am always happy to chat with anyone about credit, loans, etc. I am happy to say that have helped multiple people raise their credit over the last few years and maybe it’s the “geek” in me, but I get true enjoyment out of these conversations.

Source: Credit.com