A credit score is an important number which is capable of determining whether you get that new loan, car, or home, Hence we will see some tips on how to improve your credit score for residents of United States (USA).
6 Lessons to Improve Your Credit Score
1) Request for a free credit report
You can request for a free copy of your credit report every 12 months/year from each of the three main credit bureaus: Equifax, TransUnion & Experian. The official website to get your free credit report is annualcreditreport.com
2) Always Pay Your Bills on Time
Paying your bills on time is an important factor in analyzing our credit score & showing your creditors that you are a responsible consumer. But there are also other factors that might impact your credit score.
3) Sign up for Alerts
Sign up for emails or sms text messages from your banks and credit cards issuers that let you know when you cross a certain spending threshold.
4) Limit your Credit Cards
To keep your credit score high, you must not apply for number of credit cards within a short period of time.
5) Maintain your credit card balances low
It’s generally a good idea to keep your purchases under 25% of your credit limit at any time, even if you pay off your bill in full every month.
6) Join Good Credit Reporting Agencies
Join a program provided by credit reporting agencies that alerts you first signs of identity theft. These programs can be too costly, up to $50 a month, but worth it if you think you’re at a high risk for stolen identity.
highly recommended ones are LifeLock and TrustedID.
These are not fast or quick methods but following these tips will surely improve your credit score. 🙂
Thanks for reading.