3 Things You Can Do Right Now
1. Check Your Credit Report –Request a copy of credit report from www.annualcreditreport.com. Federal law requires each of the three nationwide consumer credit reporting companies - Equifax, Experian and TransUnion to give you a free credit report every 12 months if you ask for it. Once you’ve obtained your credit report make sure that you recognize all the accounts and loans on it. Then, check that all the information on it is correct. If you find information that you believe is not correct, contact the company that issued the account or the credit reporting company that issued the report.
2. Setup Payment Methods – One of the biggest contributing factors to your credit score is making your credit payments on time. Many financial institutions offer payment reminders. There are also programs that make payments automatically for you, just ask your financial institution if they provide this service.
3. Reduce Debt – This is easier said than done, but nevertheless a great way to start off the New Year! One of the best ways to pay down debt is by starting with your highest interest rate loan first. Keep in mind it is always a smart idea to only have as many credit cards and/or loans that you can manage responsibly.