Everyone wants great credit and the low interest rates that come with it.
Unfortunately not everyone has or can get those high scores but using the three tips below you can maintain good credit and raise credit scores fast if they are low.
1.
Get your free annual credit report and look it over for errors or accounts that are not yours.
Mistakes are more common then you may think and every year a mind boggling amount of people all across the country find errors on their credit report.
If this information is negative in nature it can drive your FICO score down very fast.
By removing these potentially score damaging errors from your report your FICO scores should improve.
2.
Reduce Your Current Debt.
Paying down your current consumer debt is a great way to boost your scores and also put you in a better financial situation.
If you have credit cards that are maxed out try and get them paid down to under 50% of the account limit.
That is the magic number where excessive credit stops dragging your scores down and will start to increase them.
3.
Do not apply for credit all over town.
this often happens to people when shopping for a car.
They apply at 10 dealers and get their credit pulled 10 times.
These multiple inquiries will drop your credit score fairly fast.
To avoid this shop for the best deal on what you want to buy then have your credit pulled only once when you are ready to buy.