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Jun 24

Easy Ways to Improve Credit Score

It can be harder than ever to get approved for a loan today but increasing your credit score will give you the best chance.  There are many ways that you can improve your credit rating and of course one of the best is to always pay your bills on time.  You want to also make sure that you do not have large credit card balances because this can also hurt your it.  The first thing that you need to do is to obtain a free report from the major credit bureaus.  Each year you are entitled to getting your copy for free and this is a way you can manage your score.

Once you have received your report you need to scan through it and see if there are any items that are inaccurate.  If there are then you need to dispute these items so that they can be removed. The credit agency is responsible for verifying anything that is reported so they have basically a 30 day period to verify anything that you dispute.  If they cannot verify it within this period of time they must delete it from your credit report and this will help your rating increase.  Keeping on top of your score is one of the easiest ways that you can improve your chances of getting a loan.

Remember when applying for a loan the first thing they will look at is your credit score so making sure that you have a high one can be the most important thing for you.  Keeping your loan balances paid off and always checking your credit report to make sure it is accurate are the best ways to ensure that you will have a high credit score.

 

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