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Friday, December 26, 2008

How to Raise Credit Score in 30 days or less

By Marcus Duke

If your credit score is low and you need to purchase a home or buy a car or open a credit account you may find that these privileges are extremely difficult with less than perfect credit scores.

A bad credit score does not have to be a permanent fixture on your credit report. You can greatly improve your credit score by making simple changes to your credit report which in turn will improve your credit score in the long term.

So, here are several important tips that can help you to raise your credit score back up so you can have an easier time:

Here are 5 easy steps that will help you to raise your credit score quickly and easily in less than 30 days:

When your payments are overdue or late your credit score can suffer greatly. Paying your bills on time is good practice. This one step alone can change your credit score in a positive way.

Tip #2 - Get Current on Missed Payments - If you have missed payments in the past, make sure that you get current on them as soon as you can.

The only way to be current on your bills is to first make arrangement to pay off outstanding debt.

2. If you have outstanding bills it's a good idea to contact the companies and make arrangements to make these bills current.

3. One of the biggest mistake many people make is not informing there creditors of financial hardships they may be facing due to illnesses and in some cased death in there immediate family circle.

Tip #4 - Keep Balances on Credit Cards Low - If you have credit cards, then you need to keep the balances on them low.

5. Everyone faces hard times from time to time.

Tip #5 - Avoid Just Moving Your Debt - Many people merely move around their debt instead of paying it off, which will not help you out when wanting to know how to raise credit score. Instead of moving your debt to another card, you should be working to pay it off instead. This is the way that you can lower that score.

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