Easy ways to improve your credit
Some quick and easy tips to improve your
credit are as follows:
Always pay your bills on time
Never borrow over 50% of your maximum limit on your
Limit the number of credit inquiries that you have
against your credit
Do not constantly apply for credit cards to receive free
Use your credit wisely
Do not overextend yourself
Do not close credit card accounts after you have paid
Try to maintain a long history of a few key accounts
Have a good mixture of credit
These are just a few simple ideas and ways to improve and
maintain your credit and credit scores.
Make sure you get a copy of your credit report. You might be surprised to find out what's on there. Dispute any inaccuracies, and this alone sometimes improves your credit score.
Check to make sure there are no social security discrepancies. If you review your credit report you may sometimes find accounts/tradelines that do not belong to you. The discrepancies are common for those with very common names.
As well as making sure there are no negatives on credit report, make sure all good current credit is being reported properly for maximum impact on rating.
If you have the same name as a member of your family, check to make sure none of their accounts are showing up on your report.
Managing the credit limit on credit cards is critical to your score. The agencies recommend never using over 50% of the line limit and pay off the card each month on time.
If you do have credit cards that are maxed out and you have a balance that is at or close to your maximum credit limit an easy way to try and help improve your credit score is to call your credit card company and ask for a credit limit increase. If you are able to get a credit limit increase this will show a better balance to maximum limit ratio and thus will help to improve your credit card. Whatever you do though, do not go out and charge your credit cards up and utilize this credit limit increase.
When correcting errors on your credit report with credit bureaus, be sure to contact all three credit repositories. Correcting with only one credit bureau does not make the erroneous entries disappear on you credit report.
If there are collection accounts on your credit then it is very important to resolving them. If a collection account has been hanging over you for a time there are ways to pay it off to everyone's satisfaction without having to pay the entire balance. This involves negotiation and paper trails. Contact David J Zwierecki right away to learn more on how to do this.
Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date. Order a copy of your credit report about once a year, and dispute any inaccuracies.
Make sure any derogatory items are not reported more than once, or duplicated.
The three credit bureaus are now required by law to issue one free credit report annually to consumers. It is definitely a good idea to take advantage of this and review your credit no less than once a year.
The only site you should use to get your free credit report is the one run by the Federal Government:
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Information listed above is to be used for educational purposes only and is not guaranteed
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