1. Get a copy of your credit report. You can request a free copy at freecreditreports.com. This will give you the negative and positive entries, but will not give you your actual credit score.
2. Check all of the information on your personal credit report. If addresses, social security numbers, etc. are amiss, it may be that someone else is using your credit. Take action to protect your score immediately. If you have been the victim of identity theft, it's important to know how to raise your credit score after someone else has damaged it.
Protect Your Identity and Credit
3. Check the negative items. Are they correct? If not, write a letter challenging the entries. The creditor is required to prove to the credit bureau that all debts are legitimate.
4. See if the credit limits are stated properly. If you have a $3000 line of credit and it's reported as $5000, it can lower your credit score.
5. Don't apply for credit cards or loans if you don't need them. Most people don't know how to raise their credit score, but they also don't know that things like this hurt it.
6. By the same token, don't close credit accounts that you currently have. Not only does this send a red flag to the credit bureaus, but it also closes off routes of positive reporting.
7. Try to reduce your debts to 30 percent of your available revolving credit. It's okay to carry a balance on your credit card, but when the month to month balance remains over 50 percent of the limit, it's a warning sign to creditors.
That's how to raise your credit score. Check the other resources on this blog to find out how to resolve credit issues.
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