4 tips to help improve your credit score

Millions of people want to learn how to repair their credit score as it has a constant and direct effect on your daily life and well-being. When your credit rating gets too low, it can be a nightmare. There are some simple techniques to repair your credit score yourself.

1. Learn more about your credit score.

Most people assume their credit rating is what it should be and that there’s no need to check it. This is not true. Most people don’t understand that credit ratings fluctuate from day-to-day. Not only can the score change quickly, it’s a known fact that about 80 percent of credit reports have some wrong or bogus information contained in them. You need to dispute these errors so that they don’t keep reappearing every time your credit is checked. This could hold you back from getting loans or credit. Request copies of your free credit report from TransUnion, Equifax and Experian.

2. Dispute erroneous items on your credit report.

To repair your credit report, this is an absolute must. This is the fastest way to improve your credit score. The credit agency must verify that the information is correct, or they have to remove it from the report. If verification is not received before 45 days, the information is taken off your report. There are statutes of limitations for most debt, with the exception of child support and student loans. After a specific time period, which in most cases seven years, negative items should come off your report automatically. Sometimes, it doesn’t happen. Exercise your rights to get them removed quickly so that you don’t pay the price.

3. Make all your payments early or on time every month.

Missed and late payments are the most determining factor of your credit score. Don’t have too much credit if you can’t pay it back. If you do, you will end up without the ability to get credit when you truly need it.

4. Pay off credit card balances.

Credit card balances is the second most determining factor of your credit score. First, try paying down your credit cards to no more than 30 percent of their value. As you do this, your credit score will quickly improve.

Don’t ever give up. You can repair your credit with some discipline and good intentions. Remember, if you need help cleaning up your credit report, call the professionals for assistance.

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