It can take years to improve your credit, but if you want to know how to improve your credit score fast in 4 easy steps, keep reading.
1. Sign up with credit Karma.
Credit Karma (not sponsored) allows you to view your credit score quickly online from your phone. Create an account online then check your credit report for any errors.
2. Dispute Errors
Dispute errors found on your credit report, you can do this by phone, online or in writing. For quickest results contact the credit bureau by phone. See the list of credit bureaus along with their contact information below.
3. Reduce Credit Utilization
Reduce your credit utilization. Credit utilization accounts for 30% of your credit score, it is the percentage of credit that you have available. In other words the lower your credit card balance the better your score will be. Try to aim for 10% or below on credit card balances
4. Make Payments On Time
Payment history is one of the biggest factors affecting your credit. Paying bills on time accounts for 35% of your score. If you can’t pay bills off in full each month, make sure you make the minimum payment. Late payments can be devastating to your credit score.
An excellent credit score is anything above 720. A good credit is generally above 680. Fixing your credit will not occur over night but the tips above should help you see some changes within 45 days.
Credit Bureau Dispute Information
TransUnion LLC
Consumer Dispute Center
P.O. Box 2000
Chester, PA 19016
Phone: (800) 916-8800
Experian Dispute
P.O. Box 4500
Allen, TX 75013
Phone: (714)- 830-7000
Equifax Information Services LLC
P.O. Box 740256
Atlanta, GA 30374
Phone: (800) 846-5279