A great credit score is important if you want to qualify for the best interest rates on loans and credit cards. Here’s how to get a 750 credit score in no time.
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The first step is to get a credit report from all three credit bureaus- Experian, Equifax, and TransUnion.
The first step is to get a credit report from all three credit bureaus- Experian, Equifax, and TransUnion. You can get your free credit reports once a year from AnnualCreditReport.com. Review your reports carefully and look for any errors or negative items that could be dragging down your score. If you find anything, dispute it with the credit bureau.
Once you have a copy of your reports, it’s time to start working on boosting your credit score. The easiest way to do this is by paying all of your bills on time, every time. This includes utility bills, cell phone bills, credit card bills, etc. If you can automate your payments so that they are always made on time, that’s even better.
In addition to paying your bills on time, you should also try to keep your balances low. This means keeping the balances on your credit cards below 30% of the credit limit. So if you have a credit card with a $1,000 limit, you should keep the balance below $300. This will help improve your credit score over time.
If you have any collections or charged-off accounts on your credit reports, you should try to pay them off as well. Even if you can’t pay the full amount owed, any payment will show up as positive activity on your report and could help boost your score.
One final tip for boosting your score is to use a mix of different types of loans and lines of credit. This could include a mortgage, car loan, student loans, personal loans, etc. Having a mix of different types of debt shows lenders that you can handle different types of payments and repayment schedules . . . and it can help improve your score over time!