What is best advice on repairing your credit.?

Asked by Marilyn Colangelo, Rochester, NY Fri Oct 24, 2008

I am a real estate investor and many clients ask this question and just wanted to make sure I was giving accurate and all information available.

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Karen Wingen…, , Rochester, NY
Fri Oct 24, 2008
Here are some tips to help you raise credit score:

1. Pay everything on time! Even if it’s only the minimum payment.
2. Pull a copy of your credit reports from all three reporting bureaus. You can obtain free copies from http://www.AnnualCreditReport.com (I believe they allow you to pull a report annually for no charge).
3. Check for errors on your credit report. You can file a dispute to correct inaccuracies.
4. It’s better to have several credit cards open with low balances versus one card with a high balance. Frequently opening and closing accounts in a short time span can result in a lower score.
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