If your credit score needs a boost, you can rebuild it without professional help as you already know that Report is the main important thing which affects Your Score.
Learn what you can do today to improve your score? Paying off your installment loans (mortgage, auto, student, etc.
) can help your scores but typically not as dramatically as paying down -- or paying off -- revolving accounts.
You can Order a free copy of your report from all three reporting agencies by visiting AnnualCreditReport.
com.
The Federal Trade Commission mandates that each person is entitled to one free credit report each year.
If you have been turned down for a loan or a job based on the information listed in your credit report, you can request a free report after each incidence.
How You Can Improve Your Credit Score? Credit scores fluctuate based on how you manage your available credit.
Steps you can take to improve your score include: • Pay your bills on time.
Recent payment history is more important to potential creditors than payments made several years ago.
Maintain a timely bill payment strategy for at least six months to see an improvement in your credit score.
The longer your payments are on time, the more your score will improve.
• Reduce your outstanding debt.
This doesn't mean to move the debt to lower interest credit cards; it means to reduce, or payoff, existing revolving credit accounts.
• Reactivate an old card to enhance your card history.
Credit history, or how long you have been using credit accounts, plays a role in the overall credit score.
If you have an old, open account with no activity, chances are that the creditor is not reporting any information to the credit bureaus.
The longer you have been using credit responsibly, the more worthy you will seem.
• Use more than one type of credit account.
A combination of installment loans (car payments) and revolving credit accounts show your ability to manage different types of credit.
• Stop applying for loans.
New credit inquiries (hard pulls) can have an impact on your credit score.
A hard pull is when a potential creditor evaluates your credit report for a loan and, in some cases, a savings account.
Hard pulls remain on your credit report and can lower your credit score five points for up to six months, according to lendingtree.
com.
Soft pulls do not affect your credit score; card solicitations and some mortgage loan pre-approvals are examples of soft inquiries.
For more information visit: http://www.
creditreports-creditscores.
com/improving-credit-scores/