1. Dispute errors directly. You can dispute errors online through Equifax,Experian and TransUnion or contact Credit Wealth Express to guide you through the entire credit repair process.By law all 3 bureaus have 30 days to verify disputed items on your credit report and if they cannot be verified they are required to remove the these items from your profile.
3. Check your credit limits. Make sure your reported credit limits are up to date verses lower than the limits actually are. You don’t want it to appear as though you’re maxing out your cards every month. If your credit card company neglected to mention your newly raised credit limit, request that this be done immediately.
4. Get a new credit card. Having multiple credit cards will positively affect credit your score as long as you don’t carry a high balance and don’t miss any payments. Essentially, be responsible with your finances.
5. Become an authorized user. This means convincing a friend or relative to add you to his or her existing credit card account.This allows you to basically “piggyback” on someone else’s positive credit history.If you unable to find a candidate who is willing to add you as an authorized user then you can buy seasoned tradelines as an alternative.Seasoned tradelines are essentially accounts that are over 2 years old with excellent payment history.You can purchase these from a third party for a predetermined price and they are added to your credit report the same way an authorized user account is reported.
6. Keep your balances low.Your credit utilization ratio should not exceed 30% of your credit limit to maximize your score.Credit utilization of 10% of overall limit is considered ideal.
7. Raise your credit limit. Request an increase in your credit limits from your credit card issuers.The more credit you have available the more trustworthy and stable you appear to future lenders.
8. Don’t close any credit cards. Canceling a credit card will reduce your overall available credit, which doesn’t look good to the credit bureau’s.Also,the longer your account has been open the more historical data the credit bureaus have to calculate your score.
9. Mix it up for variety. Using a variety credit can boost to your score very nicely. For example, you might take out an auto loan or home mortgage along with your credit cards.This diversifies your accounts which shows a well rounded credit profile.
10. Pay your bills on time. Your payment history makes up 35% of your FICO score which is a huge slice of the pie so don’t ignore this one. Take advantage of automated payments and you’ll be in good shape.