Improving Credit Score

This is not something for you to take lightly. The world seems to revolve around credit. You may think you will never need a loan but the chances are the time will come about when it will become a necessity.

So how do you go about improving your credit score?

• First you need to get copies of your credit score and make sure the information is correct. Go to www.annualcreditreport.com. This is the only authorized online source for a free credit report. Under federal law, you can get a free report from each of the three national credit reporting companies every twelve months.

• Pay your bills on time

• Learn the legal steps to take to improve your credit report. The Federal Trade Commission's “Building a Better Credit Report” has information on correcting errors in your report, tips on dealing with debt and avoiding scams--and more.

• Keep up to date on improve credit repair scams. The Federal Trade Commission's "Credit Repair: How to Help Yourself" explains how you can improve your creditworthiness and lists legitimate resources for low-cost or no-cost help.

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