There is one thing that you can do right now to instantly increase your credit score completely on your own. This method is so easy, yet so effective that most people tend to overlook it. It will only take a minute of your time, but it can have lasting results that will allow you to reduce your credit card payments, get approved to buy a nicer car, and help you get your next job.
First, ask yourself when the last time you checked your credit information. When you did, did you happen to notice where you stood in relation to the average credit score? If it's been a few months since you last checked your credit rating, you may be surprised to see where you now stand. That's because of recent changes in the credit industry drastically shifted things, which has helped some people get a better score automatically, while other suffer. You may want to see where you stand.
When you do, you'll see why it is so easy to boost your credit score. For ever 3 credit reports in America, 2 of them will have errors that do not belong there. As you review your credit file, take a close look at what is actually listed there. Chances are you'll find something wrong. It could be the wrong Social Security Number, or a loan you paid off years ago that is showing as being held in collection. You may even have a judgment listed for a line of credit you never even had.
As you ignore these mistakes, immediately notify the reporting agency. By law they must remove the items if they falsely misrepresent you. As a result, your score could increase as much as 100 points just because you took the time to make sure there was nothing wrong.