Clean Slate

How to Improve Your Credit Score

If your credit score's low, don't worry- you can raise your score with time. With credit, there's no immediate solution, but you can rebuild credit by managing it responsibly over a period of time. Start rebuilding your credit today with the following tips.

Secure a copy of your Credit Report

Rebuilding your credit score begins with knowing what your credit score actually is. Make sure to review your credit report and check for any discrepancies. If errors are present, be sure to dispute them with the credit bureau and reporting agency.

Setup Payment Reminders

Making your credit payments on time is one of the most important factors impacting your credit score. Check to see if there are any payment reminder programs you can take advantage of, such as email or text reminders letting you know when the payments are due, so you can make them on time. Automatic payments can also be helpful if you're able to set those up.

Reduce Your Amount of Debt

This may sound difficult, but once you reduce the amount of debt you owe, it will be satisfying for you and they'll improve your credit score. First: STOP using your credit cards. It's harder to reduce your debt when you continue adding to it. Make a list of your accounts to see exactly how much you owe on each and make sure to double check the interest rates. Once you have that list, come up with a payment plan to start paying off the credit cards and start with the highest interest rates first.

Your payment history is the record you've established by paying or not paying your bills on time. Your credit reports will show your payment history on any credit account you've had in the last 7-10 years.

Pay your bills on time

Delinquent or late payments and collections will have a negative impact on your credit score.

Behind on payments? Get current and stay current

The longer you pay your bills on time after missing a payment, the more your credit score will increase. The impact of past credit problems decreases with time as on-time payment patterns show up on your credit report.

Paying off a collection account won't remove it from your credit report

These can stay on your report for anywhere from 7-10 years.

If you're struggling to make payments on time or at all, make sure to contact your creditors or see a credit counselor

This won't rebuild your credit right away, but if you can start and continue to pay your bills on time, your score will increase over time. Seeking assistance won't hurt your score either!

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