This is a sponsored post with CreditRepair.com. All opinions are 100% our own.
A good credit score comes in handy when you want to buy a house or car.
But what if your credit score is not looking great right now?
Don’t panic – there are some hacks and tips that can help to boost your credit score.
They’re pretty simple but effective!
Let’s take a look:
1) Don’t Miss Any Payments
I know, it sounds like a no brainer – but it can be easily done if you don’t have a good financial system in place.
Every month, you’ll be expected to make at least your minimum payment.
The reason that this is so important is that you need to show that you can make payments and on time.
If a lender is looking at whether you are a qualified person to lend to or not, they want to know that you will pay.
The best way to stay on top of these monthly payments is with a simple monthly budget.
2) Dispute Errors Immediately
It’s really important to keep tabs on your credit report because you can notice any errors straight away.
Looking over your credit report isn’t just about looking at how you’re doing, but to spot any errors.
If someone has taken out credit in your name fraudulently, you need to nip this in the bud quickly.
They may have other errors that affect you, and you will need to raise a dispute to get this sorted.
We recommend reaching out to CreditRepair.com and having them help you sort things out.
3) Keep Your Credit Lines Open
When people think about improving their credit score, a common mistake is to try and close all credit down.
If you have any credit cards, closing the accounts won’t necessarily help you out.
When your credit score is being calculated, or lenders are making a decision, they don’t mind that you have credit.
They want to see how you can manage that credit.
If you have a certain amount of credit available to you, they want to look at if you are tempted, or need to, use it all.
Maxing out your cards? This won’t be looked at favorably by lenders.
4) Lower Credit Card Utilization Ratio
With the above point in mind, you can instead look to lowering your credit card utilization ratio.
Wondering what on earth that all means?
Not to worry, it’s pretty simple and should be relatively easy to execute.
Your credit card utilization ratio is the amount of credit that you are eligible for, and how much of that you are using.
When it gets to around 30%, this can start to have a negative impact on your credit score.
Be sure to look at how much credit you are using, and try to not use a lot of it.
5) Get Professional Help
If you haven’t looked into improving your credit score before, and it still seems a little overwhelming, you may want to look at getting help.
A site like CreditRepair.com can help you see what your current credit score it, and how you can improve it.
They can do all of the hard work for you, in terms of looking at where it can be improved, and if there are any errors.
If there are any errors, they can speak to the bureaus on your behalf and chase them up.
This could definitely be something to look into if you are short on time.
There are some simple ways that you can improve your credit score, and you only need to pick one at a time if you don’t have time to do all at once.
It’s important to keep an eye on your credit report, to make sure that there are no errors.
If you have plans to get a mortgage on a home or perhaps a car on finance, you are going to need a decent credit score.
Even if you have done some damage to it in the past, you can fix it.
It may take a bit of time, but it will be worth it. And don’t forget – you can sign up for a service like CreditRepair.com to help you out.