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how to get a credit-score

How you can build, Fix and Improve your Credit Score.

When it comes down to a Credit Score, we all come to this world the same. We all are born with a blank credit history, no credit line records, no bankruptcies or late payments history on credit cards, no credit history positive or negative whatsoever.

As we grow older,  all the financial choices we  make during our life, such as applying for Lines of Credit, getting Personal Loans, Auto Loans, Student Loans or even a Mortgage, and the way we handle our payments in our debt, eventually will be recorded on a personal database know as a  Credit Report .  This Credit Report its assigned a score known as a "Credit Score", such score number it's determined based on your positive or negative credit history. This Credit Score will make you or break you, and it will define how your life is going to unfold when it comes down to look for financial options available to you.




The financial choices we make in our early life are the root of all our current financial situations, good or bad.

If you currently have a low Credit Score and you are wondering how can you build it, fix it and improve it, in this article we will talk about what actions you can take to better your Credit Score.


The fact is, there’s no quick fix for creditworthiness, it takes time, a conscious effort, and sticking to a personal debt repayment plan.

1) Get a copy of your Credit Report

The first step into fixing your credit score is to contact any of the 3 main Credit Bureaus (Experian, Equifax or TransUnion) and get a copy of your credit report for free from them and make sure that the credit report is accurate and contains no incorrect late charges, delinquent accounts or any other negative items. Having an inaccurate item removed is one way to improve credit quickly.
If any errors are found, it's possible to have them removed by disputing them with the reporting agency and credit bureau. If there are any legitimate outstanding balances, they need to be paid off.

2) The main thing you have to realize is that you can't be spending more than you can afford.

You have to become a more responsible individual, disciplined enough to create a budget and stick to it, to work out a repayment plan with your creditors, or to keep track of your mounting bills, you might consider contacting a credit counseling organization. Many are nonprofit and work with you to solve your financial problems.

3) Build your credit history by opening and start using a secured credit card

Secured credit cards are mainly used by individuals who have damaged credit or do not have a credit history. The cardholder has to make a deposit against the card’s credit limit, which can be equal to the deposit the cardholder made on the card or a percentage of the security deposit. Any purchase with the card reduces the available credit, and the cardholder has to make some payments on the balance on a monthly basis.

After a year of using a Secured line of credit, the bank might release the secured amount you previously deposited and it might even raise your credit line if you have been on time with all your monthly payments.

You can increase your credit score by paying your bills on time, keeping a relatively low balance on credit cards and having a longer credit history with multiple accounts.

Credit scores take into account five categories of borrowing behavior. A consumer's payment history and the amounts owed on revolving debts factor the most heavily on scores, accounting for a total of 65 percent of the scoring model. Even if you pay off your credit cards every month, Forbes recommends never using more than 30 percent of your available credit limit at any one time. Using only 10 percent of your limit produces the best results.

The longevity of your credit history accounts for 15 percent of your score, and new credit inquiries account for 10 percent. Frequently applying for new credit can harm your score, so Experian recommends applying only when you need a new credit line rather than opening a new card at every store. If you have little-used cards with no balances, keep them open because their longevity and unused limits improve your score.

Your Rights

No one can legally remove accurate and timely negative information from a credit report. You can ask for an investigation —at no charge to you — of information in your file that you dispute as inaccurate or incomplete. Some people hire a company to investigate for them, but anything a credit repair company can do legally, you can do for yourself at little or no cost. By law:

  • You’re entitled to a free credit report if a company takes “adverse action” against you, like denying your application for credit, insurance, or employment. You have to ask for your report within 60 days of receiving notice of the action. The notice includes the name, address, and phone number of the consumer reporting company. You’re also entitled to one free report a year if you’re unemployed and plan to look for a job within 60 days; if you’re on welfare; or if your report is inaccurate because of fraud, including identity theft.
  • Each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — is required to provide you with a free copy of your credit report once every 12 months, if you ask for it. To order, visit, or call 1-877-322-8228. You may order reports from each of the three credit reporting companies at the same time, or you can stagger your requests throughout the year.
  • It doesn’t cost anything to dispute mistakes or outdated items on your credit report. Both the credit reporting company and the information provider (the person, company, or organization that provides information about you to a credit reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your rights, contact both the credit reporting company and the information provider.
  • A credit reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. The seven-year reporting period starts from the date the event took place.

Information Disclaimer

The information provided using this web site is only intended to be general summary information to the public.
It is not intended to take the place of either a Licensed professional in specific fields of expertise, the written law or regulations.

Next Steps...

Realtor Cristian Erives, is ready and available for you to give you advice and help you with your real estate needs, so you can make the best decision whenever you are ready to take the step in buying a Home in Las Vegas.

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