subject: Simple Steps To Improving Your Credit Score [print this page] Having a great credit score when youre trying to get a loan is like having a college degree when youre trying to get a job. It opens so many more doors for you, and it also increases the chances that youll have more money in your pocket a few years later. A good score helps you qualify for loans and get great low interest rates so you pay as little as possible to borrow. Here are some tips from CreditNowUSA to improve your credit score:
1. Know Your Score and Problem Areas: We can help you access your credit score and credit report so you know where you stand now. Your problem areas where you have been less than perfect in the past are the ones you want to focus most on going forward.
2. Dispute Errors: Credit repair attorneys can help you file a dispute if credit report errors are artificially lowering your credit score. You can also dispute them yourself, but especially if youre in a time crunch, you may want to use the faster route.
3. Pay On Time: Paying bills on time is a great way to improve your credit score. If youre currently late on an account, get caught up and pay the next month on time so the account shows up in good standing. Getting rid of delinquent accounts gives you a big boost, and paying on time inches you up, too.
4. Stop Applying for New Credit: Especially if you know youll be applying for a big mortgage or auto loan soon, stop applying for new credit in the meantime. Each application and new account dings your score, but the longer you go without applying, the higher your score will be.
5. Lower Credit Card Balances: The lower your credit card balance is in relation to your credit limit, the higher your credit score will be. Calculate the ratio of the balance to the limit on each card and start by paying down the balance on the card with the highest ratio.
For more information, go to Credit Score at http://www.creditnowusa.com/Credit-Score
