by William Bond

Created on: July 29, 2010   Last Updated: July 30, 2010

There are a number of ways for you to increase your credit score, and once you begin to take the necessary steps, then your credit score will increase so you can get the financial offers, and lower interest rates on credit cards, auto loans, personal loans and even good mortgage offers. Their is a high payoff for all the efforts you make to increase your credit score, and many people find that by looking at their credit report first is the essential step needed to improve their FICO credit score. Review your credit report now.

Take a look at your credit report first.

The credit report is the nuts and bolts of your FICO credit score, and it includes a listing of all your payments of your credit cards, retail cards, mortgages, auto loans and any other credit related debt.  You can get a free credit report once a year, by going on line, and to the major credit bureaus: TransUnion, Experian, Equifax and simply request a copy of your credit reports. 

Review it to find any errors in the report, of missed payments, and you know that there was no missed payments in your payment history.  Contact your credit bureau, and inform them of any mistake, and request that they make the correction, they have 30 days to get back to you to let you know that the correction will be made to your account. Make a copy of it for your records.  If you don't hear from them in 30 days, contact them again to get it cleared up, this will help your credit score.  What can you do to increase you credit score?

Pay your credit bills on time.

Whether are paying your credit cards or your mortgage, or your auto loans, make certain that you pay the correct amount due, and send it within 7-10 days before the due date, so it will arrive on time to be processed.  If you find that you are running late, on a credit card payment, call them, and pay the bill over the phone, by giving them your checking account number, and they will process the payment electronically, and this will save you points on your credit score.  Late payments can cause extra fees,it can be $39-$59 dollars each time.  Don't go over your credit limit.

Going over a credit limit is a cause for another fee to you.

The holiday season is here, you are doing your Christmas shopping, and you decide to use a store card, or credit card, because you are low on money, and you find that you went over your credit limit.  This will cause a "over the limit"

• 1
• 2
• Next Page >>