There is more to improving ones credit than disputing errors on a report. Another way to improve ones credit is adding new credit lines. One way to accomplish this is to get a
credit card. Some people with low credit scores can't get a conventional credit
card but there are some companies that cater to low credit scored individuals
and offer a secured card. If a customer can't get a regular card then this is
an option. Once the secured credit card issuer sees a person is responsible
they will offer that person a credit line. The line will start off
small and increase over time if the customer pays the monthly bill as agreed.
The important thing to know is in order for any card to help improve a score is
never use more than 20%-30% of the available credit line. Also never
pay off the balance. Always leave at least one dollar on the balance.
The reason is because any
creditor viewing a credit report wants to see how one manages
credit. If one pays a card completely off a potential credit grantor
doesn't see that an individual has been paying off their card as agreed. They
only see one has not used their card. If a person pays their card balance to
zero every month it will still show positive every month. It just
won't give the biggest bang for the buck on the way it reports. The
reason one never leaves a month end balance more than 20%-30%
is because a credit score is calculated by how much of the
total credit available is used. In other words if someone has a
$1000.00 credit limit there should never be a balance more than $200.00 to
$300.00 left on the card at the end of the month. If there is it could began
lowering the credit score. It is called a utilization rate. If
ones utilization rate is high then it begins dinging the credit
score. There are different utilization rates that cause a score to
change. 20%, 40%,50% and up. When someone is over 50% the credit score is hit
harder. That's why when someone looks at their credit report and sees their
balance is over their credit limit they should dispute it if it's inaccurate.
If it's accurate try getting the credit card company to raise the limit on the
card. In 2007 and 2008 credit card companies lowered credit card
limits on their customers. This caused credit scores to fall as
well because it caused higher utilization rates. Guess
what happened then? The interest rates credit card companies
increased because the credit score was lower. There's more to
improving and maintaining higher credit scores than just disputing
errors on a credit report. These and other strategies are all covered
in "The Complete CreditCare Program" at http://www.creditcareinc.net.
I'll have more later.

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