How Do I Improve My Credit Rating?

Benjamin Robert Ehinger asked:

Are you trying to improve your credit, but you have no idea how to do it? Do you want to know how to jump your credit score by over 100 points in less than 6 months? There are ways to answer the question, how do i improve my credit rating, but it really has to be taken on a situation by situation basis. Here are some general tips to help you.

First, one of the easiest ways to improve your credit score it to payoff delinquent debts. Even if it is just a $50 debt having it paid off will help your credit score. You should make a list of all your debts starting with the smallest one and pay them all off until you get to the largest one. They are counted as one delinquent debt whether they are $50 or $5,000 so paying off a few of the small ones will help quite a bit.

Second, you can also help your credit by having a credit card, loan, or some other type of financing that you have paid on time. This will help out weight the negatives on your report. Make sure you keep these debts paid on time so that you do not have to worry about whether or not your credit has positives on it. Plus if you miss just one payment they go to the delinquent side and you will have another one to deal with over there.

Last, you can keep your credit score from dropping by not having your credit ran very often. You are only allowed 3 times of having your credit pulled every 90 days before your score drops from it being pulled too much. It will drop 3 points for every pull that happens over 3 in a 90 day period. You can combat this by pulling it once yourself and using the score to shop around for the financing you want and when you find it let them pull your credit.

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