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
Comment or Share the Love
Subscribe Now Click Here