You’re probably racking your brains on how to improve your credit score in 24 hours! It’s actually not that hard. All you will need is a pen and paper and a few advises on how to achieve a higher rating. Now sit down and relax and let me give you a few pointers!

1. Make a list of all the bills and debts you have to pay for! Number your list according to the top most priority down to the very least. That just means you have to remember what needs to be paid immediately and which loans at the bottom of the list you can renegotiate with your creditors.

2. Give your creditors a call on how and when to pay for your loans. Negotiate for a better payment scheme like lower interest rates and a longer time line for installment payments. Most credit institutions are very considerate when it comes to these kinds of re-negotiations. What is important for them is your commitment to settle your accounts at an agreed time and amount. On your end, make sure you can keep your commitments so bargain on payment terms that you can afford to pay.

3. Pay your bills on time. Some creditors give discounts if you pay early. Take advantage of these privileges. If you can pay on time but can only pay a partial amount, pay for it anyway. By paying partial amounts or on installment at the given due date helps lessen the penalty fees and interest rates imposed if you pay beyond the due date. Paying on time helps in increasing your credit score.

4. Review your credit and loan agreements. There must be some fine print on the document that you failed to read when it comes to payment terms. Often you missed out on reading the procedures on how you can pay on installment, the rates of interest and penalties if you fail to pay on certain dates or if you pay before given dates. Sometimes it helps in your financial planning if you are well aware of these things.

5. Review your credit reports. It doesn’t hurt to ask for a copy of your credit report and take a good look at it. It won’t cost you anything nor will it affect your credit rating. Sometimes, there are inconsistencies in your reports that you have to be made aware of. You may be over spending or over paying. There may be items in the report that need to be updated. Or someone might have used your credit line fraudulently without you knowing. If there are inconsistencies in your report, immediately notify the authorities. It pays to know your credit report inside and out.

6. Avoid getting additional credit if it’s not necessary. By listing down your sources of income against what you have to pay for will give you a clearer picture of your financial health. Getting an additional loan to pay off a previous debt is not advisable. Settle your current loans first before availing a new one.

And those are the simple ways on how to improve your credit score in 24 hours!

Author Bio: For more advice on how to improve your credit score, go to CreditScoreBooster.com. Let the experts show you how to raise your credit scores.

Category: Finances
Keywords: credit score, improve credit score, boost credit scores, credit score advice