This is how you can improve your credit report | finder.com
How can I improve my credit record?

How can I improve my credit report?

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Discover how to better position yourself for approval before applying for your next loan or credit card.

Your credit report is a detailed record of your credit history that can affect whether lenders will approve you for borrowing, help you access lower interest rates and generally put you in a more favorable position for borrowing. So it’s natural that you’ll want to keep it as strong as possible.

Let our tips help you improve your credit report and overall credit history no matter you’re current financial situation.

Details Features
Self Lender — Credit Builder Account
Self Lender — Credit Builder Account
Savings account that helps you build credit.
  • No hard credit inquiry
  • Available in all 50 states
  • It typically takes 60 days for new accounts to appear on credit reports
Go to site More info
The Credit People
The Credit People
Professionals work with you to clean up your credit and raise your credit scores. Cancel anytime.
  • 7-day trial for $19
  • Get access to your credit reports
  • Most customers see results within 2 months
Go to site More info
CreditRepair.com
CreditRepair.com
Online credit repair service.
  • Credit report repair
  • 24/7 credit monitoring and alerts
  • Score tracker and analysis
Go to site More info
CuraDebt: Tax Debt Relief Free Consultation
CuraDebt: Tax Debt Relief Free Consultation
Debt relief professionals helping individuals and small businesses nationwide.
  • Free consultation and 100% confidential
  • 15+ years experience
  • Debt relief help for credit cards, medical bills and taxes
Go to site
The Credit Pros: Legal Credit Repair
The Credit Pros: Legal Credit Repair
Online credit repair service that gives free consultations.
  • Delete inaccurate information on your credit report
  • Practical, honest credit advice from professionals
  • Get help setting realistic, reachable credit goals
Go to site More info
Lexington Law Credit Repair
Lexington Law Credit Repair
Law firm that specializes in credit repair.
  • Remove incorrect listings from your credit file
  • Get free access to your credit report
  • Personalized credit repair services
Go to site More info
CreditFirm.net
CreditFirm.net
Professional credit repair service that can help you create a step by step action plan. Cancel anytime.
  • Free credit consultation
  • Over 15 years of credit repair experience
  • Get help optimizing your credit file
Go to site
Details Features
myFICO
myFICO
Get quarterly access to your most widely used FICO® Scores and a 3-bureau credit report
  • Get quarterly access to your most widely used FICO® Scores
  • Credit report change alerts
  • FICO® Score analysis
Go to site More info
Experian Credit Report
Experian Credit Report
Get your credit report and FICO score for just $1 with enrollment in Experian CreditWorks credit monitoring. Cancel anytime.
  • 3 credit reports
  • Track your FICO® score
  • Easy to use dashboard
Go to site More info
TransUnionCredit Report
TransUnionCredit Report
TransUnion credit score, monitoring and identity theft insurance.
  • Unlimited updates to your TransUnion credit score
  • Up to $1,000,000 in identity theft insurance
  • Personalized debt analysis
Go to site More info
Equifax Business Credit Monitor
Equifax Business Credit Monitor
Monitor your key business relationships to protect your company from losses.
  • Bankruptcy Alert
  • Derogatory Alerts
  • New Inquiry Alert
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GoFreeCredit.com
GoFreeCredit.com
$1 for a seven-day trial to get access to your credit score and credit report from TransUnion.
  • Credit reports from all 3 bureaus
  • Email alerts when your credit report changes
  • Up to $1,000,000 in identity theft insurance
Go to site More info

What’s on my credit report?

Your credit report lists applications you’ve made for all forms of credit (whether approved or not), your repayment history, details of any defaults you may have, your current debt and information on the accounts you currently hold.

Among the details contained in your credit report are:

  • Your personal information. Listed in your report are your full name and date of birth, your Social Security number and your employment information.
  • Consumer credit information. This includes any credit applications you’ve made in the last five years, the type of those credit accounts (for example, credit cards, auto loans or mortgages), the account open and close dates, your credit limit or loan amount, the account balance at the time of the report and your payment history.
  • Default notes. Your report includes details of any overdue debts you might have, payments you’ve missed on loans and utility bills and other serious credit infringements.
  • Information that is public record. Credit bureaus collect information that’s held in the public record, including any bankruptcies, foreclosures, lawsuits, wage attachments, liens and judgments made against you.

How to improve your credit history

Improving your credit score can be a slow process, but it could help you get financed down the road with more flexible options and better borrowing terms.

  • Order a copy of your credit report. Request a free credit report from the major bureaus too stay on top of making sure that lenders see only the most accurate picture of your financial health. Confirm that your personal information, employment data, open accounts and balances and other financial details are current and accurate. If you discover any errors, dispute them with the three credit bureaus and the provider that reported them.
  • Pay down your credit card accounts. Your overall credit score is determined by many variables, including your credit utilization rate. To indicate to lenders that you’re a responsible borrower, only carry a balance with a utilization of 30% or less. For example, if your credit limit is $1,000, keep your balance below $300, which is 30% of your limit.
  • Commit to a budget and timely payments. Take a deep look into your finances to understand how you might be able to lower your debt-to-income ratio and overall debts. If you can successfully continue to make on-time payments, not only will you avoid late fees — but your credit report will also reflect that you can successfully manage your finances.
  • Don’t attempt to open new accounts until your score improves. Every time you apply for credit, it’s listed on your credit report and pulls down your score. By waiting, you can take advantage of better interest rates.
  • Avoid hastily closing unused accounts. While this sounds like a good strategy in theory, having only newer accounts will result in a lower score. Lenders want to see a long history of credit in your report.
  • Track your credit score. Some credit reporting bureaus offer monitoring services that will notify you any time there’s a change in your credit score and information in your report. These services could be helpful in staying top of your overall financial well-being.

Bottom line

Having a clean credit report can reflect to lenders that you’re a trustworthy borrower and can lead to favorable rates and more competitive terms when you apply for credit. Get a copy of your credit report today if you’re not sure of your creditworthiness.

You can use several credit repair strategies to get your report in good shape to gain access to better financial products down the road if you’re currently unhappy with your credit standing.

Improve your credit score with these 5 tips

Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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