Three Tips To Keep In Mind If You Want To Raise Your Credit Score

Article by Karol Avetis of Simply Credit Help

If you didn’t know this already, your credit score is one of those things that can either help you pay less and add a significant amount to your savings or cause you to spiral down into greater debt as the years go by.

The reason for this is because the higher your credit score, the less interest you will have to pay against loans that you might want while also getting the credit cards at excellent APRs and so on and so forth.

That’s just the beginning but it should give you a pretty good picture as to why it’s so important to maintain an excellent credit score.

So here are some tips as to how you can rapidly raise your credit score and keep it there:

#1: Get a copy of credit report

Equifax, TransUnion and Experian are required to provide a free credit report at least once a year to consumers. Since errors abound in these reports, it is important to check if there are any on your credit report as this will hamper your application process for loans or credit cards.

#2: Automate all payments

Missing or being late on your payments can hurt your credit score rather rapidly. Make sure that you the use the services of an automated payment system that will at least cover the minimum payments from your checking account.

#3: Avoid credit card purchases if you already have balances to clear off

If you have balances on several credit cards that you need to clear off, it is important that you avoid any new or repeated credit card purchases until you pay off what you owe the credit card companies. You have no choice but to restrict your spending!