Interested in Raising Your Credit Score?

If you want to get a home loan, cellphone, rent an apt or get a car loan a credit score determines how eligible you are. In the previous posts we talked about credit score ratings called FICO. In today's society a credit score is very important. In this post I will be talking about ways you can improve your credit score. Yes, it is possible to increase your credit score but the important thing is once you do don't fall back into the debt trap.

Credit scores..some people love them and some people hate them. Can you guess which ones? A credit score is created from several things such as your behavior with spending and being able to pay bills on time. Your occupation and how long you've been employed. The more professional your occupation the higher your score is...messed up I know but that's how they work. Self employed gets rated a -1. Your income also determines how many points you earn and how many credit cards you have.

How to increase your credit score

1. Increase your credit limit on your credit card and keep paying off the balance.
2. Get a secured card that works just like a credit card. Make sure to treat it just as you would a credit card. The thing with a secured card is you have to put a deposit and use that as your available credit. Try to pay off the full amount that you spend, pay on time and keep depositing more and see if you can get a credit line increase.
3. Get a copy of your credit report and check to make sure everything is correct. Make sure that they match and that all wrong information is disputed. If you have a recent collection or negative on your account contact the agency to see if you can work on arranging something.
4. If you get a cellphone, auto loan, etc. Make sure to pay on time some companies report to the credit agencies. Ask if they do.
5. See if someone is willing to cosign apt or car loan for you. Most people do this to establish credit.
6. Get a higher paying job
7. Further your education and get into a professional career
8. Stop paying late and catch up on late payments



Good luck doing these things will increase your credit score!

If you want to get a home loan, cellphone, rent an apt or get a car loan a credit score determines how eligible you are. In the previous posts we talked about credit score ratings called FICO. In today's society a credit score is very important. In this post I will be talking about ways you can improve your credit score. Yes, it is possible to increase your credit score but the important thing is once you do don't fall back into the debt trap.

Credit scores..some people love them and some people hate them. Can you guess which ones? A credit score is created from several things such as your behavior with spending and being able to pay bills on time. Your occupation and how long you've been employed. The more professional your occupation the higher your score is...messed up I know but that's how they work. Self employed gets rated a -1. Your income also determines how many points you earn and how many credit cards you have.

How to increase your credit score

1. Increase your credit limit on your credit card and keep paying off the balance.
2. Get a secured card that works just like a credit card. Make sure to treat it just as you would a credit card. The thing with a secured card is you have to put a deposit and use that as your available credit. Try to pay off the full amount that you spend, pay on time and keep depositing more and see if you can get a credit line increase.
3. Get a copy of your credit report and check to make sure everything is correct. Make sure that they match and that all wrong information is disputed. If you have a recent collection or negative on your account contact the agency to see if you can work on arranging something.
4. If you get a cellphone, auto loan, etc. Make sure to pay on time some companies report to the credit agencies. Ask if they do.
5. See if someone is willing to cosign apt or car loan for you. Most people do this to establish credit.
6. Get a higher paying job
7. Further your education and get into a professional career
8. Stop paying late and catch up on late payments



Good luck doing these things will increase your credit score!

Monitoring your Credit Score

It is important to make sure that everything on your credit report is up to date. By law the government allows us to obtain a free credit report once a year sometimes maybe twice depending on the state. When viewing your credit report you will be able to see how many negative accounts you have, how many you have open, type of account, your personal information, your payment history, charge offs, collections, etc. You want to make sure to dispute anything that isn't right so that your credit scores and report are up to date, you might also want to get your credit score to see where you fall in the hierarchy. Most of the time you have to pay for your credit score and these companies offer free trials so if you do not want to keep the service you want to make sure to cancel by the date when your free trial ends. Once you view your score and report you can see what you might need to work on and which accounts are worth saving. For instance, you have an account that's showing past due than you can start paying on that so that you can build your credit history back up. Remember a credit score is what determines your credit worthiness and is used for checking employment, auto loans, applying for home loans, cell phone, credit card, pretty much just about anything. If you can bring your score up to a higher range on the hierarchy you will be more likely to have willing lenders.

Good luck!

Where to review your reports

Annualcreditreport.com- You will have to make a purchase for your credit score but you are allowed your one free credit report access to all 3 agencies.
Equifax- Access to all 3 credit reporting agencies and your credit score, also includes monitoring so you are notified when your score changes, $14.95 per month.
Free Trial
Consumer Direct- 5 day free trial, Offers access to 4 credit scores,credit score, auto score, insurance score and employment score. If you don't cancel the trial you will be charged $29.95 a month.
Freecreditreport360- Access to all 3 credit reporting agencies and your score, 7-day free trial your card will be charged 1.00 but if you cancel it will be refunded. Remember to cancel by the day the trial period ends so you won't be charged. You will be charged $29.95 a month and $1.00 for your savings club a month.

It is important to make sure that everything on your credit report is up to date. By law the government allows us to obtain a free credit report once a year sometimes maybe twice depending on the state. When viewing your credit report you will be able to see how many negative accounts you have, how many you have open, type of account, your personal information, your payment history, charge offs, collections, etc. You want to make sure to dispute anything that isn't right so that your credit scores and report are up to date, you might also want to get your credit score to see where you fall in the hierarchy. Most of the time you have to pay for your credit score and these companies offer free trials so if you do not want to keep the service you want to make sure to cancel by the date when your free trial ends. Once you view your score and report you can see what you might need to work on and which accounts are worth saving. For instance, you have an account that's showing past due than you can start paying on that so that you can build your credit history back up. Remember a credit score is what determines your credit worthiness and is used for checking employment, auto loans, applying for home loans, cell phone, credit card, pretty much just about anything. If you can bring your score up to a higher range on the hierarchy you will be more likely to have willing lenders.

Good luck!

Where to review your reports

Annualcreditreport.com- You will have to make a purchase for your credit score but you are allowed your one free credit report access to all 3 agencies.
Equifax- Access to all 3 credit reporting agencies and your credit score, also includes monitoring so you are notified when your score changes, $14.95 per month.
Free Trial
Consumer Direct- 5 day free trial, Offers access to 4 credit scores,credit score, auto score, insurance score and employment score. If you don't cancel the trial you will be charged $29.95 a month.
Freecreditreport360- Access to all 3 credit reporting agencies and your score, 7-day free trial your card will be charged 1.00 but if you cancel it will be refunded. Remember to cancel by the day the trial period ends so you won't be charged. You will be charged $29.95 a month and $1.00 for your savings club a month.