If you want to know “how do I clean my credit score up” then I hope this article can help you get on the road to better financial health. There is no time like the present to start cleaning up your credit report!
You need to know that you are not alone in wanting to repair your credit score. As a society we are walking around with a huge amount of debt. The average credit card owner is over $10,000 in debt, an amount that previous generations would be shocked by. Rest assured that you can up your credit score!
The first thing to do is to determine the outstanding balances on each of your credit cards. Then choose the card with the lowest amount to pay off. Start adding some extra money towards the payment on this card as that will be applied to the actual balance and not the interest. You will find that you are able to pay this card off much faster than you initially thought.
Now that the card with lowest payment on it is gone, take that amount that you were paying towards that card and apply it to the credit with the next lowest balance. This is what is often referred to as the “snowball effect” and it will help you to clear outstanding credit debt quicker than simply making the minimum payment every month.
The other important step that you need to take to clean your credit score up is to go online and grab a copy of your credit report. You would be amazed at how many mistakes the three large credit reporting firms can make, and you need to find out if this is hurting your credit score.