Wednesday, December 26, 2007

Ideas on how to improve your credit score

People have often asked me how they can improve their credit scores. Here are some ideas to consider.

1. Keep your balance below 50% of the credit limit of any of your credit cards. This may mean transferring balance from one card to another if for instance you have $500 on one card with a limit of $600 and a balance 0f $500 on another card with a limit of $2000.

2. Pay your bills on time from now on.
By deciding to pay your bills on time starting now, you will improve your score in the near future
3. Check your credit report for any inaccuracies. In case you find any information that is not accurate, contact the credit bureaus and demand that the inaccuracy be corrected.
Check the following link offered by the Federal Trade Commission to get ideas on how to dispute errors on your credit report:



Thanks and best wishes!

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