Ways increase your credit score

1. Bad credit can keep you from getting a mortgage, apartment, or credit card. You can also apply it at higher interest rates, which can make loans and lines of credit more expensive to pay.

2. Credit RepairTips 1. Get a Copy of Your Credit Reports Before knowing how to repair credit score you need to know the starting point. Since your credit score is based on the information in your credit report, the first place to go to improve your credit score is on your credit report.

3. Credit RepairTips 2. Dispute Credit Report Errors Under the Fair Credit Reporting Act, you are entitled to an accurate credit report, which allows you to dispute credit report errors by writing to the appropriate credit bureau, which must investigate the dispute within 30 days. Errors, which can come from problems entering credit card data, easily interchangeable social security numbers, birthdays or addresses, or identity theft, can damage your credit score.

4. Credit RepairTips 3. Avoid New Credit Card Purchases New credit card purchases will increase your credit utilization rate, a proportion of your credit card balances with their respective credit limits that constitute 30% of your credit score. You can calculate it by dividing what you owe by your credit limit. The higher your balances, the higher your credit usage and the more your credit score will be negatively affected.

5. Credit RepairTips 4. Pay off Past-Due Balances Your payment history accounts for 35% of your credit score, making it the most important determinant of your credit. The more late you are on your payments, the more you will hurt your credit score.

6. Credit RepairTips 5. Leave Accounts Open It is rare that closing a credit card improves your credit score. At the very least, before closing an account, make sure it doesn't negatively affect your credit. You may be tempted to close past due (past due) credit card accounts, but the amount owed will remain on your credit report until you pay it off. It is better to leave the account open and pay it monthly.

7. Credit RepairTips 6. Contact Your Creditors They may be the last people you want to talk to, but you'd be surprised at the help you could get if you called your credit card company. If you have problems, talk to your creditors about your situation.

8. Credit RepairTips 7. Pay off Debt The amount of your debt as a proportion of your total credit represents 30% of your credit score, so you will have to start paying off this debt to increase your credit.

9. Credit RepairTips 8. Get Professional Help If you are overwhelmed by your credit situation or your monthly expenses, whether you live from salary to salary or are bankrupt, consumer credit counseling agencies are available to help you. Certified credit counselors can help you create a budget, develop a debt management plan, and put your finances in order.

10. Credit RepairTips 9. Be Patienceand Persistent Patience is not a factor used to calculate your credit score, but it is something you must have while repairing your credit. Your credit has not been damaged overnight, so don't expect it to improve at that point. Keep monitoring your credit, control your spending, and pay your debts on time every month, and over time you will see an increase in your credit score.