Tricks and Tips to Improve Your Credit Score

Whether you're applying for a mortgage loan or a mobile phone contract, credit scores play an important role. When your score falls below what many providers consider good, you might as well expect a rejection or a refusal for your application. This happens to most people with bad credit because providers often see you as a high risk borrower.

In order to take care of the problem, you can't just sit there and do nothing. Like with any worthy financial goals, you need a plan. To start you off on a good foot, here are some tips and tricks that will help boost your credit score quickly and effectively:

Double check and dispute errors

In order to start fixing your credit score, one of the first things you need to do is double check your credit history. You can get a free report at Once you have your report, look for inaccuracies or any type of errors. If there are any, you can dispute the errors online to have it fixed.

Negotiate with your creditor

At this point, there's no use denying the fact that you've been an irresponsible payer at one point or another. Your credit score is as it is now because of your history after all. But negotiating with your credits is possible if your reasons are actually valid.

For example, if you failed to pay your credit card because of unemployment for a certain period of time, you may bring that up with your creditor. The creditor can erase the debt and mark it as "paid as agreed" so it will look good on your credit history. Just make sure you pull through with your promise to pay your liabilities on the date both parties agreed on.

Get a credit card

You might think getting a credit card is not a good idea but it actually is provided that you use it with caution. The trick is to keep the charges at 30% or less of your credit limit so it will look good on your credit history. As long as you don't overcharge the card and pay your bills on time, your credit card can do wonders for your credit score.

Apply for a credit limit increase

For credit cards that you've been paying well religiously, you can request for a credit limit increase. But this is a double-edged sword. You need to be careful if you're going to use this trick. Request for an increase but make sure you do not increase your charging along the way. Otherwise, you might end up with more debt than you can handle.

Pay your bills on time

Nothing beats paying your bills on time when trying to improve your credit score. Make sure you pay all your bills which include credit cards, utility bills and other liabilities. You canset-up calendar reminders or automatic debit deduction so you never miss a due date.