Increase your credit score by 30 points and save $16 billion a year

What’s the score? You’d best know – AZ Central.com

“A survey by the Consumer Federation of America and Providian Financial found that U.S. consumers could save $16 billion a year in lower credit card finance charges if they improved their credit scores by an average of 30 points.”

So how do you increase your score by 30 points? First, educate yourself about what goes into your credit score. Many consumers still do not know enough about scores and how much it affects them now – from loans to insurance premiums to even job applications.

This article offers a few tips on how to improve your credit score.

Here’s one that we all need to worry about even if you’re not Hispanic or Native American:

• Ensure they have an accurate credit report. Hispanics and Native
Americans have a higher risk of having an erroneous report because
their names often are entered incorrectly into credit bureaus’
databases.

You can get a free copy of your credit report at www.annualcreditreport.com

You can add on a FICO score for a nominal fee as well.

-Adam

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