Daily Archives: September 21, 2011

Have you recently looked at your credit score and found it to be less than desirable? It’s often at these times we only check are credit score when we actually need it for something such as get a loan or applying for credit and we realize it’s not quite where we want it to be, so in this article I’m going to cover 3 things you can do to boost your credit score right now.

Mistakes

The first thing you should do is check for mistakes. It’s often times when we check our score when we realize some of the reason are score is so low is because something got reported wrong from a lender or creditor.

A few common mistakes that tend to end up on most peoples credits scores are things such as those that have similar names, such as with family members or when someone has stolen your identity. The great thing is that these mistakes can often times be corrected very quick and give you a nice boost as a result.

Debt

The next thing you can do to build and an excellent credit sore is to lower the total amount of debt that you have. When a creditor or lender is looking at your credit report they will often times consider the total amount of debt you have over the total amount of credit you have avaliable.

For example, if you have $2500 of debt and you have only $5000 worth of available credit you would be using 50% of your avaliable credit thus lowering your credit score. However if you were to pay off the $2500 you could boost your score significantly.

Credit

In the last section we found that by cutting down are debt that it would boost are credit score because it would give us more available credit. Well, the same holds true if we would boost the amount credit on an existing line.

For example if you would have a credit card with a $1000 line of credit and we would boost it to $2500 it would raise are credit score as a result, giving you a better chance of getting a loan.

In the end when it comes down to how to fix a bad credit score fast just consider the tips I’ve laid out in this article.  To get started you can check your free credit score and report on Credit Karma.com.  There you can also run credit simulations to test different ideas with your credit and see what will give you the most benefit. So get started today to improve your score.