If your scores are below 760, you may not be getting the best rates for loans or insurance — so doing some credit repair can save you money.

So you’ve had a few problems getting the bills paid lately, and you’re wondering what you can do to repair the damage to your credit.

You’ve got plenty of company. Tens of millions of people in the United States have credit blemishes severe enough (and FICO credit scores under 620) to make obtaining loans and credit cards with reasonable terms difficult.

Or maybe your credit is OK, but you’d like to make it better. After all, the better your credit, the less you pay ininterest and, typically, for insurance.

To improve your credit scores, it’s important to know where you stand now. You can get free credit reports once a year, but you typically have to pay to see your FICO scores. (You can get other credit scores for free at sites like Credit Karma, but these aren’t typically the scores lenders use.)

You can buy two of your three FICO scores for $19.95 each at myFICO. (One of the three credit bureaus, Experian, no longer sells FICO scores to consumers, although it still sells them to lenders.)

If your scores are above 760, you’re probably already getting the best rates. If they’re anywhere below that mark, though, they could stand some improvement.

Click here to continue reading–> http://money.msn.com/credit-rating/9-fast-fixes-for-your-credit-scores-weston.aspx


Category: Credit, Tips

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