Get a Better Rating
Check your outstandings: How much do you owe on your credit cards, loans, mortgages, etc.? Are you paying back steadily every month? Monitoring your credit report can help you enhance your credit score as you easily check its accuracy even under changing circumstances.
If you have a non-functioning credit account, close it: Fewer accounts go in your favor from the lender’s point of view. Hence, close the credit accounts you don’t use – to keep accounts at a minimum on credit reports.
Consolidate your debts: Combine your credit accounts into one low-cost account. This will make your debts easier to pay back and improve your rating.
Update your information: Is all the information on your credit report updated and accurate? Many times, people just forget to report and get paid loan accounts off their reports. Contact your credit rating agency and get the report updated.
Protect your identity: It pays to check your credit report for false entries - suggesting that you are a victim of identity fraud. If you notice anything unusual on the report, again get into touch with the credit rating agency.
Don’t apply to too many credit rating companies: If several lenders ask credit rating agencies for your credit report over a short time span, it will have an adverse effect on your score. This does not apply if you ask for your own score.
Utilize online money lenders to improve your credit score: Everyone knows the effect of bad credit. If your credit score is bad, you can utilize online money lenders to improve the score. The trick is to take small unsecured loans for short periods and pay them on time. Repeating this trick a few times, even if you don't need a loan, will improve your credit score to a significant extent. You will have to spend some extra money as interest on the loan but considering the long term effect, the trick is worth a try!