Having a low credit score will stop you from getting the best rates and deals when borrowing money, in this article I will go over a few different ways you can increase your score so that you get approved for cars, homes and credit cards at the best rates possible.
First of all you need to find out where you stand in terms of your three different scores.
There are three main credit agencies that lenders across the country use and because you do not know which one the lender you may be going to will use, you have to obtain and work on all three.
They are Equifax, Transunion and Experian.
Once you have obtained your scores you can begin the task of raising them.
One of the things that hurts your credit scores the most is a recent negative entry.
You want to deal with theses first by finding them on your credit report.
You will see beside the entry the date it was reported to help you know how recent it is.
Once you find these items you want to ask yourself why they are there, is it a credit report error, or is it an item you were late on or could not afford to pay at the time.
Whatever the case there is hope in having it removed from your report.
If you are dealing with an error a simple dispute letter to the credit bureaus should help get it deleted from your report, if it is an item that is yours you can try disputing it as well.
Thousands of people have had success deleting such items due to bad records of the creditor or collection agencies.
Having these recent negatives deleted will help raise your credit scores.