Improve your Credit Score with these 5 Tips.

1. Get copies of your Credit Report-then make sure the information is correct.
Go to www.creditscorequick.com/ to get a copy of your free credit score report. At this site you can get a 3-1 credit report from all 3 credit bureaus. If you don’t want a copy of your credit scores, you can go to www.annualcreditreport.com to get a credit report with no scores. We promote credit reports with credit scores.



2. Pay your bills on time.
One of the most important things you can do to keep improve your credit score is to pay your bills by the due date. Our advice would be to set up automatic payments from your bank account so you are never late. Always make sure you have enough money in the banks so you don’t pay for overdraft fees.

3. Understand how your credit score is determined.
You can count on your credit score being the answers to these questions.
• How long is your credit history? A credit history that is short could impact your score in a negative way. A short credit history can be offset by your on-time payments and low credit balances
• What is your outstanding debt? The scoring models compare the amount of debt you owe to allowed vs. credit limit. If the amount you owe is close to credit limit, you can expect your score to get lowered.
• Do you pay your bills on-time? If you have paid your bills late, had a account go to collection, or have filed bankruptcy, this history will be on your credit report. This type of activity is devastating to your credit score report health.
• Have you applied for new credit lately? If you have applied for too many credit accounts recently, this will affect your credit score in a negative way. If you have requested a copy of your credit report, or creditors have are monitoring your account or are looking at credit reports to make a prescreened credit offer, these types of inquiries don’t account for a your FICO score.
• What types and how many credit accounts do you have? Most of the credit scoring models take into account the mix of credit you currently have. For instance a mix would be, installment loans, credit cards, mortgage, and car loans will help your credit score. However too many credit accounts could hurt your credit score.

4. Beware of credit repair scams.
Sometimes doing credit repair your self is the best way to repair your credit. The Federal Trade Commission claims “self help may be best.” Here is an article from the FTC on how to repair your credit report for FREE.

5. Learn the legal steps to improve your credit
Here is a great article on the necessary steps to improve your credit report.

About the Author: Mike Clover is the owner of http://www.creditscorequick.com/. CreditScoreQuick.com is the one of the most unique on-line resources for free credit score report, fico score, free credit check, identity theft protection, secured credit cards, student credit cards , credit cards, mortgage loans, auto loans, insurance and a BlOG with a wealth of personal credit information. The information within this website is written by professionals that know about credit, and what determines ones credit worthiness.