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8 ways to improve your credit score and get best interest rates.

Monitor Credit, report errors, negative information, inaccurate information, other peoples information, pay bills, not open many cards and balance Credit utilization Ratio.

In the Aftermath of the 2006 financial crisis that saw banks and other financial institutions fail because they gave loans , mortgages and credit to people who are unable to pay, rules have changed and your Credit Score has now become very important to be able get a loan or other types of credit.

One therefore needs to maintain a good credit if they want to get a loan or credit. Below are the steps that will take you on your way to attaining and maintaining a good credit:

Regularly Check your credit report

You need to regularly check your Credit Report so as to know what is there and correct any errors that may appear there. Everyone is entitled to one free credit report per year and it can be obtained from

This gives you a report from the three credit bureaus: Equifax, TransUnion and Experian. You may also buy your actual Credit Score from the same website.

You can also get your credit report from

Report any errors

If you find some errors in your credit report, you should file a dispute immediately with the credit bureau and ask them to correct that error because it may end up damaging your credit.

They may take about 30 to 45 days to investigate and correct the errors. But make sure to persist until the errors are corrected.

Dates of Negative information

Many negative things like bankruptcy and late payment of bills are allowed to appear on your report for a maximum of 7 years. So if you find a negative report that is older than that and still appearing in your report, better report it and ask for it to be removed.

Fully paid accounts

You may have fully paid accounts that show as having a balance on your credit report. You should also report this and tell them that the accounts are paid off and should be updated as such.

Other peoples information in your report

You may find information that does not belong to you. For example, you may find a credit account that you don't know about. This can be an error or a sign of someone stealing your identity to open credit cards and spend money using your name. Report this and ask the credit bureau to correct it.

Balance your Credit Utilization Ratio

It is advisable to minimize the ratio of your debt to your credit limit for all credit cards you have. The less debt you have compared to your credit limit, the better.

Don't apply for new accounts often

Every time a credit company or a store opens a credit account for you, they check your credit score and every time your credit score is checked, this brings down your credit.

So it's advisable not to open many credit cards that you don't need.

Pay your bills on time.

Make sure to pay at least the minimum amount on time because every time you get late on your payment, this will affect your credit score negatively and this can increase the interest you pay on your credit card balances.