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You know that a higher credit score will get you better rates, save you money, and even make you a better candidate for home & car purchases and rentals. The good news is that raising your score may not be as hard as you think.

First, request your credit reports from Experian, Equifax and TransUnion. You can request one from each bureau each year free of charge. Review them all for accuracy. If you find any errors, initiate a dispute online or by email right away with the bureau that has the inaccurate information. If your dispute is not resolved, you can also file a written statement that can be included in your credit report or take further action with FTC or the CFPB.

Next, pay off as many debts as possible. Preferably all, but at least start paying them down. The percentage of total debt you have compared to your total credit limit, is an important factor of your credit score. You should also consider transferring balances to lower interest cards or applying for a personal loan with a lower rate to help you pay off your debt faster.

Currently, Greenwood Credit Union is offering members low rates on balance transfers to their credit card and low balance transfer fees. Also, our personal loan rates are lower than most cards, too. For more rate information and options, just visit our website here.