Rebuild your credit fast with this insider's secret
Monitoring and Managing Your Credit
Regularly checking your credit report is essential for understanding your current credit status and identifying any inaccuracies that may be dragging down your score. You are entitled to a free credit report from each of the three major credit bureaus—Equifax, Experian, and TransUnion—once a year1. By reviewing these reports, you can pinpoint errors and dispute them, potentially leading to an immediate improvement in your score.
Moreover, keeping your credit utilization rate low is vital. This rate is the percentage of your total credit limit that you're using. Experts recommend keeping your credit utilization below 30%2. For instance, if your total credit limit is $10,000, try to keep your outstanding balance below $3,000.