Credit Score – How to Raise Your Credit Score Rating

Raising your credit score can help you to have better credit. When the time comes and you need a loan it is going to benefit you to have a high credit score. Banks look at your score when they determine whether or not to give you a loan. Also this will determine the rate of interest you will pay on your loan.

Get your credit report so that you can make sure that the items that are reported are all correct. If you find that there are items that are negative and not true then it is up to you to dispute these items to the agency that reported them. They have thirty days to verify if the item is accurate or not. If they can not verify it then it must be removed.

Pay all of your bills on time because when you are late it goes on your credit report. This can lower your score and make it harder to get approved for a low interest loan. It may even be a good idea to sign up for automatic bill pay so that you are not late paying a credit card bill.

Make sure that you pay down your credit card balances. It is easy to use a credit card when we do not have enough money to pay for the things that we want. It is important to pay off those balances because having high balances can keep your rating very low. The lender will look at your score when they make a loan.

Remember that the best way to raise your credit score is to always stay on top of your credit report. It will help you to get a low interest rate loan when you have a high score. Make sure that you pay your balances off and make all payments on time.

Source by Bryan Burbank

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