If you are interested in boosting your credit score then this article will provide you with some good information about how to do this. Everybody who wants to borrow money, whether a loan, mortgage or credit card, needs to have a good credit score. If you do not have a good credit score then you will either be refused finance, or you will pay much more interest for it. This article will look at the two main methods which are credit score boosters. You really need to do both of them if you want to improve your credit score.
The first credit score booster is to get any errors contained in your credit report remedied. You need to apply to the credit bureaus to get a copy of your credit report. You can apply to Experian, Equifax or Trans Union. Each credit bureau will send you a free copy of your credit report each year if you request it. Once you get your credit report go through it carefully and fix any errors. You fix errors in your credit report by sending the credit bureau concerned a dispute letter. You can find template dispute letters by searching on the web.
The second credit score booster is to review your finances and make sure you’re able to pay all your bills on time. Each time you make a financial transaction such as paying a bill or a loan payment it is recorded and the information is passed on to one of the major credit bureaus. So a good credit score booster is to always pay your bills on time. Always try to keep the total amount of credit you have to half or less of the total amount of credit which is available to you. For example, say you have a credit card which has a $2000 limit. Try to keep your borrowing on this card to no more than $1000. If you are unable to pay off your credit cards then make sure that you at least make the monthly payments required.
In conclusion, if you follow these two credit score booster tips you should be well on your way to improving your credit score. It is not easy, but you will be glad that you put in the effort to do this the next time that you apply for new credit. I hope that this article has helped you to understand how to boost your credit score.
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