improve your credit score fast

Kelly

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• Publié par: weed0harris
• Publié le: 12 avril 2013
• Nombre de lectures: 80
• Licence : En savoir +
  Paternité, partage des conditions initiales à l'identique
• Langue: English

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Improving Your Credit Score Fast: 3 Ways to Do It Quickly If you've been denied a bank loan or any other type of loan, chances are it has to do with your credit score. This is the 3 digit number that the creditors - banks and other lending agencies look at to see if you are likely to pay them back after they've lent you money. The lending agencies get your credit score as well as your credit history from the other creditors that you've borrowed from. So if you've been late on a few payments this will show up on your report and will lower your score as a result. Having a lower credit score lowers your chances of getting a loan with a good interest rate. In fact, most people don't even realize that creditors have access to all this information. Even though this information is represented by a 3 digit number it's still the benchmark that creditors use to determine whether or not you're worthy of the loan that you want. There are times that you'll still get the loan despite having bad credit but your interest rate will be higher because you're deemed a high credit risk. It's important to try and get the best credit possible so that you can have the best interest rates on your card and other loans. Also, having bad credit impacts your ability to get other things you might want such as a cell phone or even a computer. This is because phone and other companies are looking at your credit to see if you will pay your bills on time. Below I'm going to give you a few tips that will help you improve your credit score fast so that you can get what you need when you need it. The first thing you need to do is to ask for a copy of your credit score. By law you are entitled to one free report each year from each of the 3 major credit bureaus.

Once you've got your report look it over to see if there are any errors because even the smallest error can negatively impact your score.

For example, if you've reviewed your report and it contains a message about an unpaid debt that you've already paid off then you need to send a message to the agency with proof that you've paid the debt off. Once they receive it they must correct it and send you a notification of the change to your report.

The next thing you should do it to try and pay down old outstanding debts that you may have. For example if you've got a high credit card bill you don't need to pay it off all at once, but you should try and get the balance to below 50% of your overall credit rating. Doing this shows the credit agencies that you're a responsible user of credit.

The last thing which is something that's not widely known to most people is to pay your bills on time. Being regularly late with your bill payments is not a good thing and it will negatively impact your credit score. Most people assume that their bill companies have nothing to do with their credit score but it's not the case. Your credit plays a huge role with your monthly bills and the types of offers that they make you for monthly savings.

If you're looking toimprove your credit score fast, these are a few basic things that you can do. They will increase your credit rating with the agencies which will enable you to get the loans you need when you need them.