How Can You Improve Your Credit Score? Your score can improve by managing your credit responsibly over time and following some basic tips: •Make sure the information in your credit report is correct. You are entitled to one free credit report annually from the three credit bureaus - Experian, Transition, and Equifax. Visit annualcreditreport to obtain your free reports. You may also purchase a copy of your credit score report through this website. •Review your credit report for accuracy (review the account-opened date, account balance, account limit and last activity information). Act quickly to correct erroneous information. •Pay down high credit card and revolving account balances, but dont close the account. Dont apply for credit that you dont need - excessive credit report inquiries can lower your score. •Avoid moving credit balances from one account to another just to take advantage of low introductory interest rates. The combination of inquiries and new accounts can negatively impact your score. #MortgageConsultant #CreditBasics #PlatinumHomeMortgage
Posted on: Tue, 19 Nov 2013 14:39:44 +0000
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