How to Boost Your Credit Rating

Credit RatingsCredit and DebtRatingsFinancial PlanningEquifax Incorporated

Lynnette Khalfani-Cox, founder of the free financial advice blog, AskTheMoneyCoach.com, and author of the new book, Perfect Credit.

How to Boost Your Credit Rating:
*Check Your Reports Regularly
All adults can get their credit reports free once a year at AnnualCreditReport.com. This is the government-mandated site run by the 3 credit bureau: Equifax, Experian and TransUnion

*Know the Formula Most people don't know that there's a specific formula that governs your FICO score:
 - 35% of your score is based on your payment history
 - 30% of your score is based on the amount of credit you have used
 - 15% of your score is based on the length of your credit history
 - 10% of your score is based on your mix of credit 
 - 10% of your score is based on inquiries and new credit you’ve taken on

*Try Proven Methods
*Piggybacking off a family members good credit
*Adding Positive Info to your credit files
*Disputing Negative information with the credit bureaus

For more information, visit AskTheMoneyCoach.com.

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