Tag Archives: CreditScore

How to Dispute an Error on Your Credit Report

Credit reports decide a number of important things for Americans. From renting an apartment, to finding a new job, your credit report can be reviewed to decide if you meet the requirements. Your credit score will affect what interest rates you have on your loans, and if you can be approved for them at all. Unfortunately, errors on credit reports happen far more often than they should. These errors can make it harder for you to borrow money and cause you to pay more on interest. Under the Fair Credit Reporting Act, if you dispute an error on your credit report, and they cannot find a reason why it should be there, it has to be removed from your report after 30 days. You can request a free credit report from all three of the federal credit reporting bureaus once a year, so make sure you are checking all three…
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How Do You Raise Your Credit Score?

Credit scores take into account years of past financial decisions, not only your current ones. It’s a lot like losing weight.  If you want to raise your credit score, it’s about building the right habits and doing the little things right, not making any one huge shift. Here are some steps that, when maintained, can raise your credit score. Ways to Raise Your Credit Score   Use credit responsibly – The smaller the percentage of your available credit you use, the better. When you have a high degree of revolving credit, you display that you are in control of your spending habits. In contrast, consistently using most of you credit can signal to lenders that you may be unreliable at paying back borrowed money. Set up reminders – At the end of the day, you are only going to follow the tips that you remember to do. As with building…
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