How to Improve a Credit Rating

Next Video:
How to Maintain a Good Credit History....5

In order to improve a credit rating, a person should pay their bills on time and avoid maxing out credit cards. Find out how to improve a credit rating by getting monthly credit reports with advice from a registered financial consultant in this free video on money management.

Part of the Video Series: Money Management
Promoted By Zergnet


Video Transcript

This is financial advisor, Patrick Munro, talking about how to improve your credit rating. It's important in life to have a good credit rating, and as such, you need to pay your bills on time. When you get your credit cards make sure you don't max them out, and make sure that you get copies of your credit report on a regular basis so that you can monitor the actual credit report. It's hard to improve something if you don't know where you stand in the first place. In order to do that, you need to send in to the various credit reporting agencies a letter requesting a copy of the credit report. The first agency that comes to mind is Equifax. You also need to send one to TransUnion, and also to Experian. Those are the three major credit reporting agencies, and once you see what the credit rating is that you have at these various agencies you can examine it for accuracy, and make sure that there's nothing untoward inside the credit report. If there is, you can send a letter of explanation to the credit reporting agency, and ask them to take off that record that is inaccurate if that is the case. That will improve your credit rating. This is Patrick Munro, financial advisor.


Related Searches

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!