Five Ways to Raise Your Credit Score

A lot of life events are affected by your credit score. Your credit score affects being able to get a mortgage, rent an apartment, the interest rates you are charged, and much more. If your credit score, as defined by FICO is 669 or below, you may want to consider credit repair to increase your number.

  1. How to Begin Credit Repair

The first step in improving your credit score is to determine what score you are starting with. Your score is based on information in your credit report. This report contains a record of your repayment history, credit management, and debt. Your credit report will also include records of any bankruptcies, repossessions, and accounts that have gone to collection. 

Request a copy of your credit report from each of the three major credit bureaus:

  • Experian
  • Equifax
  • Transunion

You are entitled to one free credit report each year under The Fair and Accurate Credit Transactions Act, which is an amendment to FCRA since 2003. This report will be your starting point as it will identify the accounts you need to work on.

Under the law, you have the right to dispute any information on this report that you know is not accurate. Errors can occur due to many factors including:

  • Interchangeable Social Security numbers
  • Addresses
  • Birthdays
  • Identity theft
  • and more

The sooner you dispute wrong information and get a resolution, the quicker you can begin increasing your credit score. There are additional steps you can take to begin raising your credit score and improving your financial situation. 

  1. Pay Off Outstanding Balances

How you make your payments makes up about 35% of your credit score. This information is the most important piece of your credit history. If you are behind on payments, it will seriously affect your credit score. An important step in credit repair is paying off your outstanding balances. This step not only improves your credit score but will save you money in finance charges. 

  1. Avoid Making New Credit Purchases

When you make new credit card purchases, your credit utilization ratio increases. 

  • Credit Utiliztation Ratio
    • Your credit utilization ratio is the ratio of any outstanding credit card balances compared to the limits on those cards. It is a measurement of the amount of credit you have available that is currently being used. To determine what your credit utilization ratio is, divide your credit card balances by your credit card limit, and multiply by 100. The lower the number the better as it shows you are only using a small amount of credit. 

The number of credit accounts you have opened, and the number of hard inquiries you have incurred will affect your level of risk as a borrower. When you open new accounts over a short period of time, it can become a red flag to lenders and decrease your credit score.

  1. Talk to Your Creditors

You might be surprised at how helpful your creditors can be when you are working on credit repair. Many of them have hardship programs in place that can reduce your monthly payments or decrease your interest rate until you get back on your feet. Talk to them if you are not able to make a payment, and ask about establishing a mutually beneficial arrangement. You may be able to work with them while you pay down an outstanding balance so your credit score can eventually go up.  

  1. Who to Contact About Credit Repair

Country Credit Club has more than twenty years of experience in helping people with their credit repair. We are one of the fastest companies and offer you a free consultation when you want to improve your financial future. Talk to one of our licensed specialists and learn how we can find a solution to raise your credit scores or help with other financial issues.

 

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What is Country Credit Club? 

Country: we cover Medical/Dental procedures from the USA, Mexico, Dominican Republic, Colombia over 200 surgeons and dentists. 


Credit: we have the ability to Finance your procedure and even help you get ready for the financing if need be.

 

Your Club: gets you access to over 60 locations in the USA, Mexico, Dominican Republic, Colombia 
Not just a company but a club in which as a member you get what you ask for!   

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Concierge Services

What is Country Credit Club? 

Country: we cover Medical/Dental procedures from the USA, Mexico, Dominican Republic, Colombia over 200 surgeons and dentists. 


Credit: we have the ability to Finance your procedure and even help you get ready for the financing if need be.


Your Club: gets you access to over 60 locations in the USA, Mexico, Dominican Republic, Colombia 
Not just a company but a club in which as a member you get what you ask for!   

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