Just about every American needs to be well informed about their credit score and how it works. It affects to much of your well-being and lifestyle in today’s economy. Everything from insurance rates to employment in some cases. You would wonder what your credit has to do with these aspects of your life but capitalist have found a way to tie it all together to make more money.

In this article I am going to give you a few tricks to repair your credit score and bring your credit rating back to life.

1, First of all you want to make sure that any negative collection account that is older than 7 years is deleted from your credit report. These items should be deleted from your account once they are older than this. The sad part is that it is your responsibility to make sure they are removed, the credit bureaus will not do it automatically.

A simple letter to them explaining the reason should do the trick!

2, Another trick to raising your credit score would be to pay down any current revolving balances you may have on credit cards. The formula for calculating your credit score looks at your available credit limit compared to how much of it you have used. If you are very close to the max, this will lower your credit score and bringing down this balance will help to improve your score by a few points.

This applies only to revolving accounts and not installment accounts. An example of an installment account would be a personal loan or a car payment while revolving would be credit cards and store department cards.

By: Tony Banks

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