Improve your Credit Score
A credit Score is a formula that tells a potential creditor how likely you are to default on a loan.
Credit scores range from 350 to 950
A Credit Score is composed of the following:
Payment History 35%
Balances on credit accounts 30%
Length of Credit History 15%
New Credit 10%
Types of Credit used 10%
To improve your credit score, start by checking your credit reports for any inaccurate or outdated information.
If you find any inaccurate information on your credit report, write to the credit bureau and dispute it
By federal law, credit bureaus are required to remove any inaccurate, outdated or unverifiable information from your credit report within 30 days of receiving your dispute
If you have any accounts past due, it is very important that you bring your accounts up to date, so they are reflected on credit reports as