• Follow us


How to Get a Better Credit Score

credit score

Brought to you by Online Credit USA:

Negative marks on your credit score can not only increase your stress levels but they also can cost you a lot of money. No matter how low your score is, however, there is always hope. As long as you manage your finances responsibly, your credit score will eventually rise.

In the meantime, there are real, concrete steps that you can take today to start getting a better credit score right away.

1. Carefully Analyze the Information in Your Credit Report

Before you can begin improving your credit score, you first need to know exactly what is in your credit report. Your credit score directly hinges on the information contained in the report, which is why it’s so important to know precisely what it contains.

You can obtain your credit report for free through AnnualCreditReport.com. Make sure that you get copies of your report from all three of the major credit reporting bureaus since there may be discrepancies between the various reports.

2. File Disputes if You Find Any Errors

The information in your credit report is required to be accurate. If you find any inaccuracies, file a dispute with the credit bureau in charge of the report to have the problem corrected.

Inaccurate information can do surprising damage to your credit score. For instance, imagine that a company is incorrectly reporting that you made a late payment. This could drop your score anywhere from about 60 to 100 points, which can be devastating.

3. Don’t Make Any New Charges

Your score is partially calculated based on the amount of the available credit you’re using. The closer the amount you owe is to your overall credit limit, the lower your credit score will be. This is referred to as your credit utilization.

Rather than charging any new purchases, pay for them outright using cash. Alternatively, you can take the money you would have spent on the purchase and use it to pay down your debt. Reducing the amount of money you owe on your credit cards can give your credit score a real boost.

4. Don’t Allow Your Accounts to Get Sent to Collection

Approximately 35% of your score hinges on your history of making payments on time. The later you are with payments, the lower your score will go. Do your best to keep all of your accounts current. If nothing else, at least keep them from getting sent to collection.

Don’t be afraid to talk to your creditors. Oftentimes, they’ll work with you to come up with a solution. In some cases, they may even be willing to change the way that your account is reported so it shows that you were never behind.

5. Don’t Apply for New Credit Cards

When you’re trying to fix your credit, you should avoid submitting any new credit applications. Anytime you apply for fast credit, it can lower your score. Adding a new account also reduces the average age of your credit, which can drag your score down even further.

6. Don’t Close Old Accounts

Avoid closing any credit card accounts that you’ve had for a long time. Shutting these accounts down could wind up harming your credit score.

Even if you’re behind on your account, it’s usually a good idea to leave it open. Closing it won’t do anything to help your credit score and could wind up having the opposite effect, causing your score to fall even lower.

7. Don’t Ignore Your Creditors

When you’re behind on your accounts, talking to your creditors can be extremely frightening. As it turns out, however, most of them are more than willing to work with you if you reach out to them.

Be honest about your circumstances. They may have programs in place to help address any temporary setbacks. For instance, they may be able to lower the amount you owe each month for a short time so you can get your finances back in order.

8. Pay Down Your Debt

Approximately a third of your credit score is determined by the amount of debt that you have. If you can reduce your debt, your score may go up.

Think outside the box when trying to find money to pay down your debt. Do you have anything lying around your house that you could sell on the internet? What about carpooling instead of driving your own vehicle?

Even though you may have to make some uncomfortable changes in your life, lowering your debt can give you a real sense of freedom. At the same time, it can boost your credit score.

How to Get a Better Credit ScoreRead More

Leave A Comment

More News

Women on Business

5 Blog Content Strategy Tips for B2B Businesses 2019-08-16 17:04:05How much revenue does your B2B blog content generate? Don’t worry; you’re not the only one who doesn’t feel comfortable when this qu

Why Handwritten Thank You Notes Make an Impression 2019-08-16 16:48:06Brought to you by Handwrytten: A simple thank you goes a long way to show someone that you care — or simply that you appreciate something he or

Women in Nursing: Reasons to Take Online Classes 2019-08-15 16:07:56Brought to you by Chamberlain University: As a career woman, you’re likely juggling between different things: your job, running a home, taking c

8 Tips for Women Who Want to Break 2019-08-14 08:22:23Brought to you by UiPath: Booming employment opportunities, problem-solving challenges, and changing technologies are a big reason people are breaking

Step Away from the Keyboard: Physical Marketing Ideas 2019-08-13 20:01:24Brought to you by MailChimp: On average, businesses spend about $75,000 on digital marketing every year. It’s easy to see why. Billions of peopl

Does Your Small Business Need a Blog – 2019-08-13 08:58:01Brought to you by Snap Agency: Owning a small business is something that comes with its own list of unique challenges and obstacles. For many small bu

5 Tips for Running Efficient Conference Calls 2019-08-11 11:53:00Brought to you by Vast Conference: An efficient call will be short, concise, and ensure that everyone walks away feeling satisfied with whatever goals

5 Hot Startups That Are 100% Worth Working 2019-08-10 15:22:14Brought to you by Instacart: 2019 is the year of the disruptor, and there has never been a better time to work for a startup firm than now. If you&rsq

6 Benefits of Linux over Other Operating Systems 2019-08-10 12:58:16Brought to you by Host.ie: Your computer needs an operating system to function, it’s the single most important software that will run on your co

Need to Make Your Business Data More Secure? 2019-08-09 08:00:30Brought to you by Trend Micro: You’ve no doubt noticed just how many news stories pop up in your feed or elsewhere concerning cybersecurity thre

Grow Your Business the Way Diamonds Grow, Before 2019-08-07 22:41:00Regardless of what line of work you’re in, it seems like most business owners today have a similar daily routine: Coffee first, everything else

Coding Equality: Why More Women Should Learn to 2019-08-06 20:29:51Brought to you by Dataquest Labs: What if the true key to equality has been right in front of you all along? Women often struggle for equal pay and re


Ariel Winter Revealed Her Freckles in the Cutest 2019-08-17 13:27:15Modern Family actress Ariel Winter posted photos of herself with dogs rescued by the DoVE Project, in which she's seen with no makeup, revealing her

Disney’s ‘Mulan’ May Be Boycotted Over Liu Yifei's 2019-08-17 11:33:30Soon after lead actress Liu Yifei shared her support for the Hong Kong police on social media, the hashtag #BoycottMulan began trending on Twitter wit

Kylie Jenner Was Body-Shamed by Trolls Comparing Her 2019-08-17 10:39:55A new photo of Kylie Jenner in a bikini posted to the Kylie Skin Instagram account prompted several commenters to leave unsolicited, rude, body-shamin

Model Duckie Thot on Diversity in Beauty and 2019-08-17 08:00:00International Australian model Nyadak "Duckie" Thot has taken the world by storm in the last two years in her Fenty Beauty campaigns and more. She s

5 Organizations That Provide Crucial Legal Aid for 2019-08-16 17:59:43Fear of further ICE raids has immigrant communities worried about what the future may have in store. Immigrant advocacy organizations nationwide are s

Hailey Bieber Applies BareMinerals’ New Bounce & Blur 2019-08-16 16:53:16Hailey Bieber currently stars as the face of BareMinerals' new Bounce & Blur collection, which includes two eye shadow palettes and four blushes.

The Best New Makeup Launching in August 2019 2019-08-16 15:33:00This is the ultimate guide to the best new makeup for your eyes, lips, and face hitting the shelves in August 2019. Find your next favorite foundation

Tortoiseshell Nails Are the Next Animal-Inspired Manicure Trend 2019-08-16 15:16:54Tortoiseshell pattern nail art is trending on Instagram, with nail artists sharing their manicures that interpret the classic print using both gel and

Kourtney Kardashian’s Poosh Launches Aquis Leopard-Print Hair-Drying Turban 2019-08-16 13:48:07Kourtney Kardashian's lifestyle website Poosh has collaborated with hair-care brand Aquis to launch a leopard-print turban that dries hair rapidly, w

Kylie Jenner Wears Butterfly Nail Art on Instagram 2019-08-16 12:57:59Kylie Jenner just posted a video on Instagram in which she boasts butterfly designs on her nails just like people wore in the '90s. This is the secon

Dermstore’s 20th Anniversary Sale Happening Now — Shop 2019-08-16 11:31:07Dermstore's 20th Anniversary Event celebrates two decades of skin care with massive savings on select brands. From August 17 to August 26, beauty lov

Ariana Grande Posts Throwback Photo Wearing the Same 2019-08-16 11:21:51Ariana Grande shared a throwback photo on Instagram in which she's sporting her signature high ponytail as a kid. See the adorable photo of the pop s

Disclaimer and Notice:WorldProNews.com is not responsible of these news or any information published on this website.