How to Raise My Credit Score Fast & Free

Your credit rating has a direct effect on your life and financial well being. A high credit score will help you get the best rates on mortgages, loans and credit cards, while a low credit score will lead to higher interest rates and fees. Several companies offer credit repairing service for a fee, but you can repair your credit yourself for free.

Instructions

1

Order a copy of your credit reports. You are entitled to one free copy of each credit report from the three major credit bureaus annually. You can order your free copies at AnnualCreditReport.com.

2

Evaluate each credit report and mark any errors you find.

3

Log on to the website of the credit bureau that reported the error and follow the links to start their online dispute process. Fill in each text box in the online dispute as accurately as possible. Review the dispute and click "OK" to submit. The credit bureau has 30 days to research your claim and correct inaccurate information.

4

Review your credit report and make a list of any creditors who have not reported information to the credit bureaus. Contact the creditor and ask them to report your history to the credit bureaus. A history of timely payments will improve your credit score.

5

Gather all of your current bills and make a note of the due dates. Pay at least the minimum amount due by the due date. Paying your bills on time will improve your credit score.

6

Determine any excess income you have by subtracting all of your monthly expenses from your total monthly income.

7

Apply your excess income towards the credit card with the highest overall balance. Include the extra payment with your minimum payment each month until you no longer carry a balance on the credit card.

8

Repeat step seven for every credit card you own with a balance.