When you get your free credit score and credit report, keep these 6 tips in mind to boost your credit rating. This will help you get better credit and in turn get you a better rate on any loans, help you get approved for credit cards, and also approved by any lenders. Continue reading to learn these 6 tips for keeping good credit.
Looking at your free credit score and credit report, you want to make sure that everything is correct. First of all, your credit report falls into these 4 categories:
1. Your personal information.
This includes, of course, your name, address, previous addresses, social security number, and even employment information.
2. Your credit history.
This section will show your open lines of credit that you currently have open. Closed lines of credit and any late payments of 30 days or more.
3. Your public records
Your public records are also on file here, which includes any bankruptcies, tax liens, or alimony information.
4. Your Inquiries.
Lastly, this last section will show inquiries which shows all the businesses who have recently accessed your free credit score and credit report.
Make sure that these are all correct so that you can get the highest credit score possible. This leads us in to the 6 ways for you to improve your credit. (Making sure your credit score and report is correct is actually one of the 6 ways, but we’ll get into it in a second).
6 Tips for Good Credit
1. Be absolutely certain that all your bills are paid on time. This is especially true for mortgages, rent, and car payments.
The first biggest negative impact on your credit score and report is bankruptcy. This is the second biggest. It’s really important to pay your bills on time so that it shows lenders that you are capable of doing so. Any late payments of 30 days or more are reflected on your free credit score and credit report and it makes your score go down.
2. When you establish your credit history early, you give time for it to grow.
If you have accounts which were established when you first turn 18, make sure that they are clean and have always been paid on time. This will help build your credit history fast. To help you do this, try setting up automatic payments on your credit cards so that you never miss a payment.
3. Be sure not to max out your credit cards.
Doing so will look bad and cause your credit score to drop. Lenders do not like seeing consumers max out their credit limit because it shows that are not capable of handling such a limit. Then they will be less likely to let your borrow money.
4. Applying for multiple credit cards in one time will have a negative impact.
Your score will drop if you apply for multiple lines of credit at one time. This does not include checking your credit score. You can check your free credit score and credit report as many times as you like and it will not affect your credit score.
Click here to check your free credit score now.
5. When you fill out credit applications, loan applications, or any type of financial application, make sure that your handwriting is neat and legible.
There have been instances where because of the handwriting, someone else’s credit information can go onto your credit score. This also makes sure that all your credit information goes into one file. It’s difficult to show that different instances of your files are all in one if you forget to put in a “Jr.” “Sr” or spell your name wrong.
6. Make sure that you check your credit report for any errors or inconsistancies.
As mentioned earlier, you should make sure your credit report is free of errors and correct. You can do so right now and order a 3-in-1 credit report for absolutely free. ReallyFreeCreditScore.com readers can always get a really free credit score and credit report.
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