. Monitor your credit report
Your credit report has an impact on your credit score. Errors such as an early payment that was recorded as late payment don’t mean well for your score, for your credit score not to suffer a blow, you need to keep a watchful eye on your credit reports, and dispute any errors to the credit bureau, to get it fixed.
2. Don’t open a new account right away
When you’re in a credit repair mode, you need to avoid any new credit application.When you apply for new credit, the lender conducts a “hard inquiry” which involves a review of the credit that shows up on your credit report. The number of credit accounts you recently opened and the number of hard inquiries you incur both reflect your risk level as a borrower. So they affect 10% of your credit score.
3. Make your payment on time
Paying off your bills on time helps to reduce credit utilization which impacts your credit score by 30%. So make it a priority to offset your debts on time going forward.
When it matters, your credit score may be the one thing standing between you and a loan, buying a house or renting an apartment,or getting a credit card, etc. That’s why having a high credit score should be a priority. And the tips you just read are sure to help.