Five Easy Ways to Improve Your Credit in Six Months 

Improving your credit score isn’t as daunting as it may seem. Following are five tried and proven, easy ways to boost your credit in a six-month time period.

Pay Your Debts

Staying current on your debts is important but it’s not necessarily enough if you want to boost your credit score. Save up extra money each month to make extra payments. Start by paying off small debts and then move on to the large ones. Reducing the number of debts you have to pay off looks good on your credit report.

Stick to the Status Quo

Don’t close down old accounts as they can actually boost your score. At the same time, opening up multiple new accounts can lower your score as well as make it harder for you to keep track of payments.

Set up a Payment Schedule

Avoid late payment fees by setting up a payment schedule and sticking with it. If you find it hard to manage payments because you are using too many cards, put a few away and stick with two or three main cards for regular use.

Report Your Rent

If you’re renting a home or apartment and pay your rent on time, report this to the major credit agencies. Doing so can boost your score as it shows that you can be trusted to manage your finances wisely.

Check Your Reports

Check your credit reports carefully. They may contain old or inaccurate information that could be lowering your score. If you notice payments for goods or services that you do not recall purchasing, dispute the charges immediately as they may have arisen due to identity theft.

Improving your credit can save you thousands of dollars when you apply for a mortgage in Tennessee, as you will qualify for more loan options and low-interest loan possibilities. However, this is only one of the many benefits of maintaining good credit. A good credit score enables you to borrow money as needed for important expenses, lowers your car insurance rates, gives you peace of mind that your finances are in order and more. While it takes time and effort to obtain and retain a good credit score, the results are more than worth the small sacrifices you may have to make.

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