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Financial Literacy - Credit scores
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5 tips to improve your credit score
Learn strategies for fixing a less-than-perfect credit score with a little time and elbow grease
Credit scoring, demystified

5 tips to improve your credit score

If you've pulled your credit score and are disappointed by what you see, here are some simple things you can start doing now to improve your score. Credit counselor Bruce McClary of Richmond, Va., suggests these five ways to boost your credit score.

5 ways to bump up your score
Get it right
Accuracy is the first thing to address and the fastest way to boost your score. Find and fix any mistakes that could be pulling your score down. Your credit score is based on the information contained in your credit reports. "For someone who has never seen a credit report or hasn't checked in several years, I recommend getting all three and looking at all of them, because each contains different information," says McClary. For those who check regularly, use the free credit reports to monitor your accounts. Stagger your requests for the free reports so you see one every four months. "With ID theft running rampant, it seems like you need to check more often these days," McClary says. "Maybe once a year isn't enough anymore."

Tip: Request free credit reports from each of the three credit reporting agencies.

 Does your credit get high marks or do you feel like
you're flunking out? Share your story.
-- Posted: June 18, 2007
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