Of all the efforts required to manage your credit score, getting the desired credit score is incredibly important. Many experts spend a great deal of time on helping consumers improve their credit score, but it is also essential to establish a good score at the outset. Below are links to tools to help you restore and maintain your credit.
The following are things that you can do to help you establish a good credit score:
Check your credit report annually. It is always wise to check your credit report, but it is important to note that you have three reports. Experian, Equifax, and TransUnion are the three major credit bureaus, and it is crucial that you examine each of these reports. You have to do this because if you don’t know what is on your credit report, it’ll be impossible to address errors and omissions. You can get copies of all three of your credit reports annual by using the government-run AnnualCreditReport.com. If you want your credit score, you will have to pay a nominal fee.
Dispute Errors and Omissions. We have provided a comprehensive ebook which will help you address all of the errors and omissions on your credit report. Therefore, we won’t go into detail here, but understand that addressing these things can mean the difference between having a prime and a sub-prime Credit Score.
Pay specific attention to things that hurt your score. The following are issues that you must pay attention to:
- Dispute accounts that aren’t yours, that you didn’t open or you don’t recognize
- Dispute reports of late payments that were paid on-time
- Dispute bankruptcies older than ten years
- Dispute negative information older than seven years
Spread your debt out. Your credit score will improve if you avoid one big balance on a single card and instead have several small balances on different accounts.
Use your credit cards. Don’t let your credit cards sit used. If you don’t use your credit card at all, your credit score will go down.
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