Take charge of your credit score

Take charge of your credit score

You are responsible for your credit score. That’s why you need to know what your number is and how to improve it.

•Step 1: You should check with each individual agency – Experian,
Equifax and TransUnion – once a year to make sure your information is
correct. Federal law entitles you to one free report from each agency
each year. To request copies, call (877) 322-8228 or go to www.annualcreditreport.com”.

• Step 2: If you find a discrepancy, work with the agency to fix it. You’ll likely need to provide documentation.

• Step 3: This should really be Step 1. Pay your bills ON TIME. This is the biggest determining factor on your score.

•Step 4: If you want to improve your credit score, develop a plan to pay
down your debt – and remember, it takes time. “Correcting your credit
is not something you can do overnight,” says Amy Ghannam of National
City Bank.

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