How to Raise a Credit Score 100 Points
Your credit score has an affect on many aspects of your life. Your credit report will be run before you can receive a loan for a home or a car. It will be checked before you can purchase several types of insurance. Many employers even require a credit check before an applicant can be considered for employment. Therefore, good credit is a necessity. These tips will show you how to raise your credit score 100 points.
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Instructions
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Obtain a copy of your credit report. This is necessary in order for you to catch any mistakes on your credit as well as to find out what items on the report are negatively affecting your score. You are entitled to one free credit report per year.
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Dispute any inaccuracies or discrepancies found on your report with the reporting agency.
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Pay off all of your past due accounts. These include everything from those that are 30-plus days late down to those that are merely 1 day late. You do not want any unpaid accounts on your credit report.
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Increase your credit limits if possible. This has a positive affect on your credit because it shows that you have a good payment history with the creditor in order for them to raise your limit. It also is helpful because it means you are now farther away from the card limit. For optimal credit, you should not use more than 30 percent of the available balance on your credit account.
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Keep all accounts active and open to show the account is still in good standing. Do not close accounts, as this hurts your credit score in the end.
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