5 easy steps to improve your credit score

[Knowlopedia]

Credit scores are important for many reasons. A good credit score can help you get a lower interest rate on a loan, it can help you rent an apartment, and it can even help you get a job.

There are a lot of myths out there about what affects your credit score. But, there are also a few easy things you can do to improve your credit score.

1. Check your credit report for errors

One of the easiest things you can do to improve your credit score is to check your credit report for errors. You can request a free copy of your credit report from each of the three major credit reporting agencies once per year.

Look over your credit report carefully to make sure all of the information is accurate. If you see any errors, dispute them with the credit reporting agency.

2. Make your payments on time

One of the biggest factors that affect your credit score is your payment history. So, if you want to improve your credit score, make sure you're always making your payments on time.

3. Keep your credit balances low

Your credit utilization ratio is the amount of debt you have compared to your credit limit. So, if you have a credit limit of $1,000 and you owe $500, your credit utilization ratio is 50%.

Ideally, you want to keep your credit utilization ratio below 30%. So, if you have a credit limit of $1,000, you should owe no more than $300.

4. Use a mix of credit

Credit scores are also affected by the types of credit you have. So, it's a good idea to have a mix of different types of credit, including revolving credit (like credit cards) and installment credit (like auto loans).

5. Keep old accounts open

Another factor that affects your credit score is the length of your credit history. So, one easy way to improve your credit score is to keep old accounts open, even if you're not using them.

 

[Augusta]

it is always good to have a good credit report or high credit score. it will help you when it comes to requesting for loans or borrowing money from creditors so if you want to always have good credit report you should try to always make your payments on time it will help to reduce the credit balance on your report and of course your credit score will be high.

Another thing is that you should keep your previous credit card open even when you are not using it it will help to give you a healthy credit report whatever it is make sure that your credit score remains high.

 

[Nightmare]

Having a good credit scores would make you to be entitled and easy to take loans and borrow money from individuals or an organization.
To improve your credit scores, there's only one thing needed to do, and that is MAKING PAYMENT EARLY.
It's advisable to schedule your payments in such a way that it doesn't give you a bad credit score
What kinds of payment should o consider and pay early?
TAXES: if taxes and fees are been paid early, in turn you would get a good and remarkable credit score for that. Therefore, always consider your taxes literally .