![]() You can also hire a monitoring service to help keep your information secure. Correct any errors on your credit report: You are entitled to one free credit report per year from each of the main credit bureaus.Work with one a credit repair companies: If you don’t have the time to improve your credit score, credit repair companies can negotiate with your creditors and the three credit agencies on your behalf, in exchange for a monthly fee.Depending on the age and credit limit of a card, it can hurt your credit score if you close the account. Don’t close a credit card account: If you are not using a certain credit card, it is best to stop using it instead of closing the account.However, it is important not to spend this amount so that you maintain a lower credit utilization rate. If your account is in good standing, you should be granted an increase in your credit limit. ![]() The CIBIApp is temporarily unavailable for both Android and iOS users from 16 April 2021 until further. If you do not have any loan transactions in your credit report for the last two years, no credit score can be generated for you. Increase your credit line: If you have credit card accounts, call and inquire about a credit increase. Credit score is a service provided by CICs accredited credit bureaus.Pay your bills on time: Six months of on-time payments are required to see a noticeable difference in your score.VantageScore is a consumer credit rating product developed by the Equifax, Experian, and TransUnion credit bureaus as an alternative to the FICO Score. Set yourself a reminder to check them all every six months or every year to make sure there have been no charges on them and that nothing unusual has happened. Make it a point to regularly check that no fraudulent activity occurs on them, since you aren’t going to be using them. Do I need to get my credit score It is very important to know what is in your credit report. In the section where you can have alerts, make sure you have your email address or phone in there. Also, make sure that you don’t have autopay set up on any of them. For each, ensure that there is no balance and that your address, email address, and other contact info are correct. Go online to access and check each of your cards. Keep them in a safe place in separate, labeled envelopes. So, we’ve made it easy to fix any errors. If banks and lenders have the wrong info, it’ll be wrong in your credit file. We tell you why you got your credit score, what’s affecting it, and how to improve. Instead of closing accounts, gather up the cards you don’t use. We make it easy to understand all the info in your credit file, so you know where you stand. If you have many credit cards and want to close some that you do not use, closing credit cards can indeed lower your score. Wilson David Investment Advisors, Aiken, S.C.
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