Improving Your Credit Score

With ever increasing uncertainty for our economic world, having and maintaining a good credit score is more important than ever. The following tips will help you better understand the how to improve and maintain your own credit score and remember there is no quick fix to improving your credit score.

• Get a free copy of your credit report by going to www.annualcreditreport.com. The first step to improving your credit score. This report will show your standing with various accounts.
• Fix any mistakes with your credit report. Information on your credit report will explain how to dispute any inaccurate charges shown on your credit report.
• Get caught up on any delinquent accounts. 35% of your credit score is determined by your payment history, so try staying current with all of your accounts.
• Pay your bills on time. One of the more important steps to improving your credit score is paying all of your bills by their due date.
• Do not apply for new lines of credit. This indicates to other lenders that you might be taking on new debt and can adversely affect your credit score.

Following these tips will improve your credit score over time. If you feel that you need immediate debt relief through Chapter 7 or Chapter 13 bankruptcy, contact Morgan & Morgan.