| Your credit score is your financial report card, but | | | | The individual’s credit history, for example, accounts |
| more than that it is an indicator of how responsible you | | | | for about 35% of your credit score. In other words, |
| are. It shows lenders, employers and landlords your | | | | how good you are about paying your bills on time. |
| ability to be trustworthy, manage money and stick to | | | | Therefore, the best thing you can possibly to do |
| your end of the bargain when obtaining loans. | | | | instantly raise your credit score is to make sure you |
| For that reason, your credit score can have big | | | | are making payments on time. But you also want to |
| implications on your life. From being approved to an | | | | check your credit report to make sure you are not |
| auto loan, to obtaining a mortgage at a fair rate. The | | | | being falsely misrepresented . . . and chances are that |
| higher the credit score, the easier it is to obtain loans at | | | | your credit report is not accurate. |
| the best possible rates. When you have a score that | | | | One out of every 4 credit reports has information on it |
| is better than average, banks, lenders and creditors | | | | that is inaccurate and damaging to the individual’s |
| are willing to throw money at you with no questions | | | | credit score. So the first thing you want to do is |
| asked and with flexible repayment terms. | | | | review your credit report and make sure there are no |
| Luckily, for someone who has a below average credit | | | | indications of late payments or delinquent accounts |
| score, there are a number of steps they can take to | | | | that are not actually true. If you find these, all you have |
| improve their credit worthiness. The fastest way to | | | | to do is notify the credit reporting agency and they |
| raise your credit score, however, depends on your | | | | have 90 days to investigate and resolve the situation |
| current situation. | | | | by law. Removing this false information will boost your |
| The credit score is determined by the information that | | | | credit score. |
| appears on your credit report. Some of the information | | | | Double checking for accurate credit history on your |
| has more weight than other data, so when working to | | | | report is one of the biggest ways you can boost your |
| raise your credit score you wan to start with those | | | | credit score. This can take a couple weeks to resolve |
| areas that have the greatest impact. | | | | and be reflected in your credit score. |