The ultimate guide to credit scores
A very good place to start
Start by getting your credit reports and scores. We can't tell you how many people ask about improving their credit scores, but they have no idea where they stand now. You need to get as much information as possible about two things:
- Where you stand now
- What main factors are influencing your scores
Without this information, it's pointless to speculate on what may or may not help, or what may or may not happen. Take advantage of any opportunity you have to gather information about your scores. For example, if you have been turned down for credit, or charged more for credit or insurance as the result of a credit score, you must be given a written disclosure that lists the main factors that contributed to your score along with information on how to order a free copy of your credit report from the reporting agency that supplied it for that decision. Read it and take advantage of it.
If you are offered a free credit report or score by your financial institution, or as the result of a data breach, take it. You can also get a free credit score from Credit.com that will explain the main factors influencing your score.