101 Fast Fixes To Boosting Your Credit Score

There are many misconceptions about credit scores out there. There are customers who believe

that they don’t have a credit score and many customers who think that their credit scores just

don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good

interest rates, and even your chances of getting some apartments.

The truth is, of you have a bank account and bills, then you have a credit score, and your credit

score matters more than you might think. Your credit score may be called many things,

including a credit risk rating, a FICO score, a credit rating, a FICO rating, or a credit risk score.

All these terms refer to the same thing: the three-digit number that lets lenders get an idea of how

likely you are to repay your bills.

Every time you apply for credit, apply for a job that requires you to handle money, or even apply

for some more exclusive types of apartment living, your credit score is checked.

In fact, your credit score can be checked by anyone with a legitimate business need to do so.

Your credit score is based on your past financial responsibilities and past payments and credit,

and it provides potential lenders with a quick snapshot of your current financial state and past

repayment habits.

In other words, your credit score lets lenders know quickly how much of a credit risk you are.

Based on this credit score, lenders decide whether to trust you financially - and give you better

rates when you apply for a loan. Apartment managers can use your credit score to decide

whether you can be trusted to pay your rent on time. Employers can use your credit score to

decide whether you can be trusted in a high-responsibility job that requires you to handle money.

The problem with credit scores is that there is quite a bit of misinformation circulated about,

especially through some less than scrupulous companies who claim they can help you with your

credit report and credit score - for a cost, of course.

From advertisements and suspect claims, customers sometimes come away with the idea that in

order to boost their credit score, they have to pay money to a company or leave credit repair in

the hands of so-called “experts.” Nothing could be further from the truth. It is perfectly possible

to pay down debts and boost your credit on your own, with no expensive help whatsoever.

In fact, the following 101 tips can get you well on your way to boosting your credit score and

saving you money.