Get Your Free Credit Report

If you're interested in building your personal credit profile you have made an excellent step in the right direction. Those that carry the highest credit score are much more favored and preferred than those with lower FICO scores. The benefits can include lower interest rates, higher loan amounts, longer periods of an amortized loan, and many more advantages that can save you hundreds of thousands of dollars. As you might have noticed, it could take more than 60 days for the item to be cleared. Needless to say, patience is a virtue when you are working to get the highest credit score possible. Like it or not, it won't happen over night. You will need to be persistent in order to get the results you want. Instead of wishful thinking, you will have to take responsibility for removing any item on your credit report that doesn't belong. Getting the highest credit score possible is no pipe dream. It can happen for you if you are willing to work for it.

• Give it 30 days


• Review your credit report


• If you still get no response - contact the FTC (Federal Trade Commission)


• Give it 30 more days or 45 days if you provide additional information)


• Send a letter to the credit-reporting agency disputing the error


• Begin a log of correspondence

You can do this online through a number of services, some of them even offer free trials. It's important to check your credit because your score regularly fluctuates. If you have a lot of credit card debt and then repay it, your score will rise. It surprised many people to hear that having a little debt can help you obtain your highest credit score. The best way a potential loaning agent can predict your worthiness, in terms of repaying their money, is through your credit score. Many different factors can affect how high your score is, but it is important to know the importance of this number. The higher your score is, the better your chances are of receiving the loan that you want, for a lower interest rate.

But if you can pay everything off, you should to avoid paying interest rates.

This way it shows that I can service my cards, and still carry debt responsibly. Many credit advisers will suggest not going over 30-35% of your credit limit to get the highest credit score. This is another very important tip to keep in mind. But if you can pay everything off, you should to avoid paying interest rates. As long a you leave a small debt on there consistently such as one dollar or so, you'll be well on your way to building credit in no time! Just because you may live in a low credit score state does not mean you can’t break the trend and build yourself an impressive credit score. Follow our 3 steps to rebuild your credit score and take charge of regaining control of your monthly payments. Nathan Randall, editor, Daily Dollar Newsletter provides free daily advice on money matters plus coupons and discount codes. FYI…you can now access the Daily Dollar Newsletter via iTunes podcast, YouTube video, and on Facebook and Twitter too.

If you are making two thousand dollars a month, you should not go to the mall and charge up your credit card over two thousand dollars. Or for that matter, any amount that you won't be able to pay back is not a good idea. That is simply irresponsible and it can ding your credit if you use it this way, which is not the report process for the highest credit score.