Easy Tips to Improve Your Credit Score!
- Paula Staton, MBA, CPFC
- Jan 11, 2017
- 1 min read
Why not make 2017 the year that your improve your credit score! Here are some easy suggestions to try.
1. Request a free copy of all three credit reports from www.annualcreditreport.com.
2. Closely review all reported data and check for errors. Call the creditor(s) directly to get information changed.
3. If you missed a payment in the past and/or the incident was minor, you are entitled to add a short explanation to your credit file. (ie. we moved or were out of town for an extended period of time.)
4. Continue to MAKE TIMLEY PAYMENTS. This is the best thing that you can do to improve your score. More weight is given to recent payment history.
5. Work to reduce outstanding balances. Call THRIVE. We can help!
6. Keep older accounts open. Use your older credit cards from time to time but strive to pay the balances off each month.
7. TIME HEALS ALL. A credit bureau can report most negative information for 7 years and bankruptcy information for 10 years.
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