Improve Your Credit Score

Are you getting bombarded by "sorry you were declined" and then sky rocketed interest rates on the things you do get approved for? Well, if so you need to evaluate your credit. Your credit is the most important thing when it comes to finances. By improving your credit you will not only save money but, get more of the things you want in the future. Here are a few things you can do to improve your credit.

What is your credit score?

First and foremost find out what your credit score is. You will need to know your score in order to improve it. Check out www.anualcreditreport.com for your credit score. They allow you one free credit report a year from all three major credit bureaus: Equifax, Experian, and TransUnion. Look at your credit scores from all three credit bureaus. They will most likely vary within a few points but, this is normal because the same credit information is not always submitted to all three companies.

Clean it up!

Check to see how many delinquencies you have. If there is anything that should not be on there, contact that credit company immediately to get it resolved. If that does not help submit disputes to the credit bureaus in order to get it evaluated and determine whether or not it belongs on there. In the event that you have multiple outstanding accounts, start one at the time and continue paying them off until you no longer have any. I would recommend beginning with the most recent and paying it off first. If you can't afford to pay the whole bill at once there are a few options to getting it paid in order to improve your credit.

The majority of the time, if you contact the collection agency that has filed a claim against you they will allow you to set up an installment plan to pay the over due account. Sometimes it's only for two to three months and sometimes longer depending on the agency and the amount of the delinquency.