4 Sizzling Ways To IMPROVE CREDIT SCORING

Posted by Fab Style Staff on Apr 6, 2012 in Uncategorized

4 Sizzling Ways To IMPROVE CREDIT SCORING

 

 

Credit is a vital and important part of a person's financial life.  Your credit score can be based on a number of factors ranging from paying your bills on time, what types of credit cards you have, ratio of debt to income and other variables.  Things that can hurt your credit score are being behind on your credit card bills inaccuracies, having to much debt, having accounts over the credit limits and so on.   These are just a few examples on how complicated credit can get.  Don't let this overwhelm you, though.  If you have a low credit score, there are some things you can do to help improve your credit score:

 

1)  Be sure to check you credit score.  By law, you are entitled to a free credit report every 12 months.  It is good to check all of your credit scores from the Big 3, Equifax, Trans Union, Experian.  Go to www.annualcreditreport.com You will have to verify your identity.  Once verified, you will then be sent to each credit agency. 

 

2.)  Review everything on your files and be sure everything is accurate.  This is probably one of the most important steps.  You want to make sure that everything on your credit report files are correct.  For example, make sure your address is correct, your social security # all things that are reporting on your credit as well.  If you notice anything that is reporting on your credit report file that shouldn't be, you should notify the appropriate credit reporting agency.

 

3). Register with a Credit Monitoring Service.   This can help you keep a handle on your credit all the time.  There are many advantages to doing this.  It can help monitor your credit reports on a constant basis.  For instance, if you would be alerted on any changes on your files or if any negative information is reported by credit bureaus.  It can also help protect you against identity theft.  If you go this route, look for companies with a stellar background.  Some of the credit agencies offer this service.  You can look further into the service on their website. 

 

4.)  Correct all errors.  This imperative to improving your credit.  Errors can lower your credit score drastically.  If you notice any inaccuracies, contact the appropriate credit reporting agencies to dispute the error.   You can dispute errors, online, by phone or in the mail.  The quicker you do this, the faster you can try to resolve the issue.   Here are the contact information for the credit reporting agencies online:

 

Equifax www.equifax.com or Investigate a Dispute Online Equifax

Trans Union:  www.transunion.com or Investigate a Dispute Transunion

Experian:  www.experian.com or Investigate a Dispute Experian

 

 

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Check My Credit: Check Your Credit Report Free

Posted by Fab Style Staff on Apr 4, 2012 in Uncategorized

Check My Credit: Check Your Credit Report Free

 

 

 

CREDIT! It's a six letter word that makes some people cringe.  Whether we like it or not, it is a part of our vocabulary and our lives, affecting what can buy, what we can afford, even jobs we can get.  It is important to keep a handle on your credit and know what is on your credit report.  Credit reports gather information about you from places like bankers and creditors and sell that  info to places like banks.  Basically, it is recorded history of how you pay what you owe such as bank loans, student loans, credit cards etc.  It also includes your SS#, any past and current addresses you may have lived and any additional information the credit agency may have come across, including bankruptcies, judgment, & liens.

 

Being that many places who check your credit rely heavily on credit reports and what credit reporting agencies provide, it is important to keep up with what is on your credit, paying what you owe, and making sure the information on your reports are accurate. The top three credit reporting agencies are:

 

Equifax:         www.equifax.com

Experian:       www.experian.com

Trans Union:  www.transunion.com

 

If you didn't know, you are entitled by law to request a free credit report from each agency every 12 month cycle. It is best to check all three at the same time.   It is important to look over the report and if you find any discrepancies, dispute them immediately.  To find out and get detailed information on how to obtain your free credit report, go to www.annualcreditreport.com  If you have any problems on your credit, be sure to contact the appropriate credit agencies to dispute the problem.

 

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