(MoneyHippo.com) – You need a strong credit score to qualify for a loan and get the best rate or rent the house of your choice. There are ways to increase a score number if it’s not where creditors need it to be — sometimes in as little as 60 days. Here are three strategies you can try.
- Check for Errors: You can order your credit report once every 12 months for free. Contact TransUnion, Experian, or Equifax and review the documents for accuracy. Dispute any item that doesn’t belong there. Eliminating negative marks can quickly raise a score.
- Pay Obligations: Staying up to date on all bill payments is the best way to improve and maintain credit. Your number indicates whether you’re a reliable borrower, so they want to see that you’ll pay back any money you receive. You can prove you’re a good risk by paying all obligations on time or before the due dates.
- Reduce Balances: If you have credit card balances, concentrate on paying them below 10% of the limit amount. For instance, if you have a limit of $1,000, you want to keep the balance below $100.
Diligence in maintaining clean credit and paying bills will help ensure you maintain the highest credit scores. Still, these three tips might help you improve your score in the short term.
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