The credit bureaus, Experian, Transunion, and Equifax are like an examination board that gathers results of how one has fared in the management of finances.
However the case may be, you have a role to play in ensuring that you are not denied funds when you need to make major improvements in your life such as moving to a new house, getting a new car or funding college education for your child.
To improve how these agencies rate you, I have highlighted four methods you can use in raising your score and thus impact how bureaus rate and perceive you positively.
1.
Check your file to have an insight on what the information furnishers of creditors think about you or what they've learnt about you since doing business with you.
2.
Challenge negative and erroneous information entered into your report.
Just because your file says it's there doesn't necessarily mean it's yours.
If you have doubts on this, simply challenge it with the appropriate bureau to investigate it.
3.
Be timely with your debts so that you do not miss any payment which will attract a late payment on your report.
Credit bureaus have the duty of slapping negative accounts such as late payments into your file if the creditors report to them that you have defaulted on your payments.
To do this successfully, it is advised that you make a budget of how much income you get every month in relation to your expenses.
This way, you will be able to manage your repayment plan properly, and thus impact your report positively.
4.
Get a secured credit card and load it with the same amount as the limit which you have been given by the card-issuer.
You have nothing to lose and everything to gain by adopting this measure.
A secured-card will help in adding points to your score and rebuilding over time.