Improve Credit Score

Improving your credit score may seem like a difficult task because it feels like some abstract number. It is hard to know what factors are in play when it comes to your credit score, and that can make it hard to know how to improve it. While we can't tell you specifically what is bringing your credit score down, we can offer some advice on some of the most common causes, and how you can fix them.

The first thing to do is make sure your credit file is accurate. You can do this by requesting a copy of your credit report from a credit reporting agency. You can normally do this for free once a year, so you don't have to worry about paying for it the first time. Once you have it, go over it carefully and make sure everything is in order. Sometimes a simple mistake on the part of the reporting agency can have big consequences. Check everything out, and if you notice an error, point it out to them so that they can fix it.

If your file is in order, the next thing to do is get rid of anything that might be bringing it down. This usually takes the form of either debt, credit card mismanagement, or missed payments. If you are in debt, you should try and make larger payments if you can to pay them off more quickly. This will allow you to save money on interest and also improve your credit score. If you have a credit card, make sure you are not using it too much, but also that it isn't hidden away some where. Try to spend between 30 and 70 percent on your card each month, but make sure you can pay it back. Lastly, missing payments has a big effect on your credit score, so you should do everything you can to avoid it. If it helps, make a schedule of when payments are due as a reminder.

Once you have gotten rid of the bad causes, it's time to work on adding some good things. If you don't have a credit card, you should get one. Using it every once in a while and responsibly will show you can be trusted with credit. Also, having bills under your name that you pay every month will boost your credit score. Doing things like this, along with getting rid of the bad influences, will slowly raise your credit score over time. It won't happen over night, so be persistent and stay patient.