How to raise credit score

Building a good credit score and maintaining it throughout is a long term process.The best way that I can tell you to plan your budget carefully,stay financially organized and and manage your debt carefully and wisely. If you are thinking to take a loan to buy a house you must raise your credit score. You should keep it in your mind that the good credit score happens not in overnight. But if you want to raise your credit score quickly then you can follow the steps

Collect your credit report and credit score from the respective authority

You can take your credit report and credit score once in every year from the credit bureaus such as Equifax, Experian and Trans Union. You must collect all the credit reports from every company as it differs from company to company. Different companies have different techniques of calculating credit score but the most commonly used is FICO score. You can make a request on their website to get your credit.

Check your report carefully and try to find out incorrect information

The first credit report will definitely amazed you as it contains plenty of information about you. But the statement is not correct always. Studies have proved that 25-50% reports contain errors. One of the reason for that is your name may match with the name of some other person. And the other reason may be the identity theft because of enormous data.

Find out the reasons and take the necessary steps

If you find any mistake in your report then you must check some information in the report. Check your name in the report whether it is spelled in correct order, check the social security number in the report and your address. If it is the cause of identity theft you must take the help from police.

Contact credit bureaus for the report

First of all you have to send a letter and you have to mention it clearly that where you have found the mistake. Credit bureaus will definitely take necessary steps to correct the errors and they will send you correct credit report after their verification.

Other than the above points you should pay your bills on time and if you have any outstanding debt of past make sure you have paid them in full. These two method can also help you to raise your credit score.