You may have asked yourself how to improve my credit score quickly and if you are reading this then you may be in need of some tips and tricks. First of all, these tips work better for those with medium to decent credit and can get fast results. For those with medium to bad credit these tips are still very helpful but the time needed to raise your credit score may take a little longer. If you are in bad shape with your credit and having a hard time making ends meet then you should consider seeing a debt management company or credit counselor for assistance. This is also true for those with good credit looking to raise their score. They know what they are doing and can put the money in the right place for a nominal fee. The fee is usually paid monthly and allows you to put all your payments into one place and let them do the work. These fees are typically quite cheap considering what they are offering and how much money they can save you in the end. If you have bad credit and things seem to be tumbling downhill then you need to see one of these companies before you ever consider bankruptcy. They usually don’t charge for a consultation visit to discuss your options.

Improving your credit score can get you better options on credit card interest rates as well as help in receiving a loan. First off, get a copy of your credit report. There are sites available that allow you to get one for free and this will give you an idea of your credit score. I say ‘idea’ because most companies do not go off of these results so your score may be slightly different from what they tell you but it should be very close. This will allow you to see what creditors are looking at and you can check if there are any errors in the report. If you want a more exact copy then you will have to pay a small fee to receive it. This does not hurt your credit score to receive one. If there are errors you need to dispute them with the credit bureau or collections that filed it. In many cases older listings that aren’t a great amount will not even be checked by the company so it doesn’t hurt to try. I suppose this needs to be said, though it will not apply to most of you reading this, get a credit card if you don’t have one. You don’t need to carry a balance to improve your scores just use it responsibly and in moderation and pay your bills on time and you can build credit quickly.

Tips and Tricks

Paying your bills on time is always a big deal when trying to keep your credit score moving in the right direction. Late payments can make your score take a dive if you have good credit so dispute them if you can should any of them be on your credit report. In many cases if you have been a good customer and have a late payment in the past the lender may agree to erase it for you, so it doesn’t hurt to ask. If you have decent credit and are able to get a loan, then you should get one as this shows your responsibility with both types of credit beyond just the card.

Bonus Tip: Identity theft can cause your credit score to drop dramatically. Consider signing up for a credit monitoring service to make sure your identity is secure and stays out of the wrong hands.

You don’t have to buy a car or a house, you can get a small personal loan for whatever you desire and pay it back on time to build you credit very quickly. Only do this if you can afford it or you’ll just end up with more debt. This is only even feasible for those who have decent credit and want to build their scores since if you have bad credit you won’t get the loan in the first place. Do not over use your cards as this will not make your score better and may actually make it worse, use them sparingly. Having a high credit limit with a balance that is around thirty percent or less also helps your credit score, so don’t go buck wild on spending just because you have a high credit limit. If you have an old card you haven’t bothered to use in awhile, then use it. They may have stopped reporting to the credit bureaus because of it and using it again will have them doing so to boost your credit, since old credit looks good and shows you have been responsible for quite some time. Other than that the key elements on how to improve my credit score are the most obvious as far as being responsible with payments and making them on time and spending in moderation.