Tips on Improving Your Credit Score!!!

Don't waste time on debt settlement services...take matters into your own hands and reclaim your financial stability!!

I was listening to Joe Madison's XM radio show this morning, "The Black Eagle," as he discussed issues concerning money and the financial market. He offered some pretty good tips on how to improve your credit score in 3-6 months. Here's an overview of the discussion:

1) Evaluate your credit. Get a copy of your credit report from all three major credit bureaus, Equifax, Experian and TransUnion LLC. Ignore free credit report services and offers. Pay for your credit report using the three bureaus above and sign up to receive a free credit profile every year. When evaluating your score, here's what you need to look for:

2) Pay close attention to items listed under collections/charge off, this is what you need to pay off first. Contact the company and negotiate a pay off rate and once you've resolved the account make sure you get a letter from the company indicating your settlement.

3) Once your collection is pay off, look at your 30-60 day late payment status. Bring those accounts up-to-date and try and maintain them.

4) Last but not least, evaluate your high credit/revolving accounts and try to pay them down to at lease 50% of the balance.

By following the above guidelines you should see an increase in your credit score within 3-6 months. While these results will help improve your credit report, its only the beginning to obtaining financial security. Its important that you save money and spend wisely.

A wise man once said "Never spend your money before you have it."
-Thomas Jefferson