There are many strategies you can follow on your own to increase your credit score, but there is one that is so effective that you could increase your score 100 points before your lenders even have a chance to notice.
When you raise your credit rating, you'll not only be able to get approved for favorable loan rates without hassle, but you'll have more money to get the upgrades on the new car, you'll reduce your monthly payments, and your credit card spending limits could increase.
Not only that, but your minimum payment amount can be much smaller as a result of having a lower annual percentage rates on your accounts.
But most importantly, your boss is looking at your credit information.
As part of routine background check, many employers are pulling their employees credit scores in order to make decision when it comes to hiring, firing and giving promotions.
So what's the fastest way to increase your credit score without spending a dime? The first move is to pull your credit information, which you can do below for free.
You'll instantly see where you stand on the credit score scale and what you can do to increase your score.
As you view your information online, take a close look at the accounts being listed.
Chances are you'll find credit card accounts that you never knew existed, accounts you closed years ago that show are still open and delinquent, and negative items that occurred over 7 years ago.
By law the credit reporting companies must remove these errors when you notify them, which will increase your score dramatically.