6 Ways To Boost Your Credit Score

June 29, 2012 by  Filed under: Credit 

There are a lot of steps that you may use in order to boost and improve your credit score, and you will not eve need to hire the help of a professional in order to carry most of them out. If you are looking for techniques that you may apply to your case, then go through the following suggestions and pick out which ones will help you case. Here are six of the most effective ways through which you may boost your credit score.

1. Spot And Error And Have It Repaired

Obviously, you have to take the time to look through your records and to look for potential errors that may be causing you certain problems. You may have to manually look through your reports in order to check for these errors and to have them rectified. Once you spot something that seems illegitimate, like a record for something that you do not remember doing, for example, then contact the company through which you secured your copy of your credit report and ask about the steps that you may take in order to correct that specific entry.

2. Remove Negative Credit History

Most of the time, people resort to unheard of methods in order to be able to do away with the negative entries on their records, but there are a lot of techniques that you may use in order to do this, all of which are legal. Believe it or not, a simple dispute letter to your credit company can help you clear the black marks on your credit history! Just see to it that you have a good reason for them to strike out the negative history from your account.

3. Get the Help of another Credit Account Holder

This technique is not technically illegal, but would require you to find someone who trusts you enough in order to help you out. Technically, you will be having another person place credit on your accounts and you will, thus, piggyback on another person’s credit rating. As long as the other person maintains a pristine record and as long as you do not do anything that will damage his credit, you will be able to experience a certain level of boost on your credit rating.

4. Pay Off Your Debts

If you have acquired a great amount of debt that has been slowly dragging your credit rating downward, then you should do everything that you can in order to pay them off one by one. This will, obviously, require a certain level of sacrifice on your part, but there is no doubt that you will be able to boost your credit rating and start your way to financial stability as well.

5. Meet you Payment Deadlines

It is not enough that you pay off your dues. It is imperative that you do everything that you can to make your payments on time. Meeting your payment deadlines will show credit companies that you take your finances seriously and that you are a trustworthy part of society.

6. Do not Close any Account

While it may seem easier for you to close off a credit account, doing so will cause black mark on your credit rating. As much as possible, try to pay off your credit problems instead of closing your accounts off.

The author gives advice when it comes to credit reports in South Africa. To read more visit creditreportsa.co.za.

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