Improving your credit score can have many consequences that you should be well aware of.
With a higher credit score you will be able to gain access to credit much more easily.
A bank or other lending body will look much more highly upon you if you have a high credit score and if you are able to demonstrate that you can properly manage your finances.
A high credit score will also allow you to save tens of thousands less dollars in interest over the course of your lifetime.
If you are always stuck paying high interest and fees, you will never be able to get out from under the debt that you have and you will never be able to secure a solid financial future.
Here are four quick ways to improve your credit score:

• First, make sure that all of your loan payments are up to date.
  This might seem like simple advice but having all of the loan payments up to date comprises the biggest factor in your score.
  Even if you have one loan that is late on a payment, your credit score will suffer.
  If you have one loan payment that is more than 60 days late, then your credit score will suffer even more.
  And it only gets worse if you have any loans that you have defaulted on.
  The first step to repairing your credit is to get all of your current loans up to date.
  
• Second, you should begin to pay down your revolving debt balances.
  One component of your score is the percentage of revolving debt levels to the revolving debt limits that you have.
  The higher this percentage, the lower your credit rating will be.
  You can begin by simply paying down some of these debt levels.
  Another way to lower this percentage would be to contact your credit card company and request a credit line increase.
  This would accomplish the same goal, but it is never as effective as paying down your actual debt load.
  
• Third, you should never close a credit file.
  One of the factors in your credit score is the amount of time that you have had an open credit file.
  Creditors want to see that you have established yourself and that you know how to manage your money.
  The longer that you have open lines of credit then better.
  When you pay the balance off of a credit card, many people decide to close the account.
  Rather, keep the account open and simply charge one item per month on the card, and pay the balance off each month.
  This will continue to keep the account active and your credit score will get boosted.
  
• Finally, limit the amount of hard inquiries that you have on your account.
  When you apply for credit at a bank they will pull a copy of your credit score.
  The more of these hard pulls you have, the lower your score will be.
  Avoid these as much as possible.