4 Steps: Raise Your Credit Score
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When you raise your credit score, you raise the number of advantages available to you in the real world. Those with a high credit score often end up with lower rates, less required up-front cash for deposits, easier access to credit, and potentially favorable treatment when it comes to renting an apartment or even landing a job. Follow these four steps to raise your credit score and you will be on the path to a higher FICO score over the next 12 months.
Get your credit report
Granted, getting your credit report or credit score will not actually raise your credit score, but it will put you in position to control your credit score. You can get a free credit report once a year at AnnualCreditReport.com, and you can request a copy of the report if you have recently been turned down for a loan. When you have your credit report in your hand, you can review it for errors and accuracy. Many people find that some data is not reported properly or some negative items, such as a collection effort, are reported without having any knowledge of such an incident. With your credit report in hand, you can dispute inaccurate information and review your existing accounts to see what you can tackle first. You can also get a feel for the number of inquiries your credit report is being hit with, and whether or not inquiries are happening without your knowledge. Once you have this snapshot, you are better equipped to not let your credit score control you or your financial future.
Written by CREDIT