A lot of people have been financially affected when the recession occurred, most particularly their credit score. If you are among these people, how do you get your credit score back to where it should be? While it may take seven years for any negative marks to be eliminated from your credit report, there are some simple and quick tips that you can use to raise your credit score now.

  • Pay your bills on time. Make sure to keep paying your bills on time and that you are not over your limit on your credit cards. Ideally, you should keep the balances on your credit cards low. By keeping your finances clean and blemish-free, you can easily raise your score. 
  • Avoid cancelling your credit cards. While this may appear counter intuitive, but canceling any of your credit cards can cause your credit score to go lower. How much credit you use is part of your credit score and so the more credit you have available, the higher your credit score will be. Cancelling a credit card means you will no longer have available credit, reducing your credit utilization score and as a result, your credit score also lowers.
 Even after paying off a credit card, you should keep it open and collect the extra points that you can get out of keeping your extra line of credit. If qualified, you can apply for a new credit card and this can increase your credit utilization ratio.

  • Keep the lines of communication open with your credit card lenders. If you have credit card debts which keep your credit score low, speak with your credit card company to find out if you can strike a deal to pay your debt off. A lot of lenders are open to making deals with their clients because they are after the money you owed. When making a deal with a lender, remember to ask them how they are going to report that to the major credit bureaus.
  • Get a secured credit card. Bad credit will keep you from getting a loan or credit card and in that case, you should consider signing up for a secured credit card. Conventionally, you place down a deposit for a secured credit card ending up being the credit limit therefore it does not matter if you have very bad credit. Secured cards are offered to anyone. When applying for a card, make sure it reports to the credit bureaus or else having another line of credit will not change your credit score.
  • Check to ensure your credit report has no mistakes. It is important to check your credit report on a regular basis to make sure it does not have mistakes. Correcting simple errors on your credit report is a great and quick way to raise your score.

The only way guaranteed to raise your credit score is to keep your report clean and wait until negative data expires from it, which will take up to seven years. For more visit Credit Score Fox today!




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