Need to boost your credit score to qualify for a rental? Want to Maximize your FICO scores before you apply for a home loan? You will want to ensure your score is a high as it can possibly be. Below are three things you can do to improve your credit score.
1) Dispute any errors.
Once you have your credit score, you need to go through it to see if there are any errors. If there are any items you do not recognize, Credit Rx can dispute them with the credit bureaus. You pay No upfront fees - no monthly fees - no start up fees, only pay after a collection gets removed.
2) Pay down the balances on your credit cards.
The ratio of the balance on your credit cards compared to the credit limit is called your credit utilization ratio. If you have a $1,000 limit on a card with a $600 balance, your credit utilization ratio is 60%, which is considered very high. The lower the balances are, the higher your credit score will be.
3) Get collection accounts removed.
If you have any collections on your credit report, contact Credit Rx and see what your options are. Paying a collection account will not increase your credit score unless it is removed from your credit report entirely. By correcting any errors on your credit report and paying down the balances on your credit card accounts you will maximize your credit score quickly.