Fast Credit Repair | Auto Express Credit
Paying your bills on time each month is a great way to maintain a good credit rating, but that action alone won’t do much to immediately improve your credit rating. And while a good credit score doesn’t happen instantly, there are steps you can take to speed up the building process.
4 steps to a better FICO score
Improving credit should involve a viable game plan and a willingness to stick to that plan. And knowing where to start with your plan is half the battle.
- Pay off credit cards that are near their limits. Even if you don’t fall behind on your payments, using too much of your available credit can hurt your credit score. If you’re using more than 30% of a line of credit, pay off your balance and watch your score rise.
- Find all existing errors and have them corrected. Credit report errors are not uncommon and can dramatically lower your score. You have the right to request a free copy of your credit report from each of the three major reporting bureaus (Experian, Equifax and TransUnion) every 12 months. Request your copies and carefully review each report. If you find any inaccuracies, report the error (s) to the appropriate agency.
- Don’t be afraid to use credit. If you’ve ever had credit problems, you may have completely given up on using your credit card. And while it protects you from credit card debt, complete credit avoidance drastically inhibits credit score growth. Bad credit habits can be broken, and responsible use of credit cards will increase your rating over time. If you have damaged credit that prevents you from getting a regular credit card, you can apply for a secured card and in many cases possibly switch to an unsecured line.
- Report your rent payments. You can also look for services that report your rent payments to the credit bureaus, like our trusted partner. While your rent payments aren’t normally factored into your credit score, they can be if you sign up for something like this. Reporting your rent payments boosts your credit score and your file.
Another way to improve your credit
Making regular and timely payments on a car loan will significantly boost your credit. If you need reliable transportation but are worried that a low credit score is preventing you from getting financing, Auto Express Credit can help. With our proven and easy process, we can get you back on the road with an affordable auto loan that will also give you the ability to rebuild your credit.
Simply complete our fast and secure online application to get started today.