How to Increase Credit Score And Credit Report With These Tips

This article features tips to increase your credit score and credit report ratings.

Difficulty: Moderate

Instructions

1. Increase your credit score step 1.
   
   Order a free copy of your credit report by mail from Equifax. Conduct a search on Google, Yahoo, Msn or Ask to easily obtain their mailing address.

2. Increase your credit score step 2.
   
   Order a free copy of your credit report by mail from Experian. Conduct a search on Google, Yahoo, Msn or Ask to easily obtain their mailing address.

3. Increase your credit score step 3.
   
   Order a free copy of your credit report by mail from TransUnion. Conduct a search on Google, Yahoo, Msn or Ask to easily obtain their mailing address.

4. Increase your credit score step 4.
   
   Upon receipt, review your credit reports to ensure accuracy. For information that you dispute, write to the respective credit bureaus and provide any information that will support your claim.

5. Increase your credit score step 5.
   
   Pay all bills on time. When possible pay creditors before the statement date, this will help increase your credit score. Timely payments account for 35% of your credit score, so paying promptly can help increase your credit score.

6. Increase your credit score step 6.
   
   Pay all revolving accounts to less than 25% of the high credit limit. Utilizing a small portion of your available credit is considered to be responsible, while high usage of your credit limit, maxing out your available credit or exceeding your credit limit is consider risky behavior by credit scoring models.

7. Increase your credit score step 7.
   
   Refrain from inquiring for new credit. Try to limit your applications for new credit of any type to fewer than 3 every six months. This will show that you are not looking to open excessive credit obligations.

8. Increase your credit step 8.
   
   After you have completed the above steps order a copy of your free credit report from the Annual Credit Report Service. They will provide one free credit report per year for free.

9. Increase your credit step 9.
   
   Review your credit report for accuracy and contact the respective credit bureaus where you have items to dispute.

10. Increase your credit score step 10.
    
    Read as much information as you can about increasing your credit score and your credit report. As you improve your credit score you'll be approved more often and save more money due to better interest rates.

[score1st]

on 9/16/2009 Thanks for your comment. Individual results will vary, as everyone has a unique credit profile. The key is to make positive steps towards credit management. Major credit improvements can occur within 3 to 6 months. Severe credit problems can take up to 1 year to correct. Avoid those that promise quick credit solutions or results. It takes a little work. Start by paying all creditors on time each month, follow the above steps and your credit will improve. Good Luck!

[perceptive]

on 9/16/2009 Good information, thanks! Any idea how long it typically takes to improve your credit score, say... once you are divorced and are strictly adhering to your steps above? :o)