As the New Year approaches, many people are looking for an efficient and quick way to improve their credit score. The higher your score the better interest rates will be when buying a home or a car. Good credit can even help you get a personal loan or business loan. Follow these simple tips to ensure you are able to get a credit score increase in 2016.
Improving Your Credit Score
1. Pay your bills on time. This sounds simple, but this is the biggest thing you can do to keep your score high. Delinquent payments and collections have a major negative impact on your score
2. Keep your balances low on unsecured revolving debt like credit cards. High balances still owed can affect a score.
3. Only apply for credit you need. The amount of unused credit is an important factor in calculating your score.
4. Make sure the information on your credit report is correct. If it is not, dispute it with the Bureau Company or lender directly.
5. Remove negative accounts on your credit report. Negative accounts have the biggest impact on your score. Generally negative things can stay on your credit for 7 to 10 years. But you can hire a professional credit repair service to do it for you.
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