Sound Advice For Increasing Your Credit Score
A good credit score can help you get better terms and a lower interest rate on your mortgage. Here's some tried-and-true advice on how to increase your credit score:
• Pay more than the minimum payment each month. Doing so can increase your credit utilization rate and your score.
• Increase your credit limit. Do this by requesting an increase with your current credit card provider or applying for a new card.
• Remove errors in your credit report. Common errors include duplicate accounts and misreported payments.
• There are instances where paid-off negative entries aren't removed from your credit report. Requesting the removal of these items can boost your score quickly.