When it comes to how to fix your credit score it should be known that the entire process isn’t going to be instantaneous, although our first methods below can provide you with a boost in your credit score right off the bat. Although it won’t be a fast process, it will be a worthwhile process to partake in and stay on top of it until the end, as the rewards will be great as with a good to great credit score you will have some much more opportunity in the financial world, from anything to getting better interest rates on credit cards to getting approved for small and large loans. Although it takes a while, the main thing to hold onto when looking for how to fix your credit score is that it isn’t heart surger, the methods are simple provide great results when applied.
3 Methods To How To Fix Your Credit Score
1.) Fixing Mistakes
Now the first methods to how to fix your credit score is checking for mistakes that may have been made, as often times there are blemishes on people credit scores that can drop ones score significantly. The good news is that it isn’t permanent because as soon as the mistake is fixed your credit score goes up to what it should be, allowing you to obtain a higher credit score instantly, which you can check out your credit score be getting a free credit report from one of the major credit bureaus. Once you find an error or a debt that doesn’t apply to your spending, then you need to ask the credit agency that you got your credit report from to prove the accuracy of that particular debt, which they will have up to 30 days to prove that what you believe is a mistake is acurate, which if they can’t prove it then by law they will need to remove it. This is pretty much the most sured fired methods of fixing your credit score the fastest way possible.
2.) Secured Credit Card
Now the other methods of how to fix your credit score is getting yourself a credit card, which may sound contradictory but getting a credit card and making ontime payments is another one of the most powerful methods of building your credit score. Now you don’t want to pick up any credit card, you want to obtain a “secured” credit card which if you are not familiar with what a secured credit card, well it is similiar to a debt cards in which whatever you deposit, that is what your credit line is or how much you are aloud to spend per month. You can deposit $100 and not ever use the card and it will still have positive effect on your credit card. If you choose to use it then it is advised that you deposit no more than a couple hundred dollars, which will allow you balance to be low enough for you to pay off with ease each month, which then your positive payment history will be submitted to all 3 major credit bureaus each month, allowing you to raise your credit score each month.
3,) Credit Piggybacking
Now the third method you can use when it comes to how to fix your credit score is to essentially piggy back on someone else’s credit card which is where someone adds you to their credit card account. Now the most effective way to build your credit score as high as you can with this build your credit score method is to find someone with an aged account on which they have made perfect or near perfect payments on it. Once your name is on the account you will look as if have had numerous positive credit accounts.