I have messed up on paying my bills in the past, but now I am enrolled in a debt counseling program and paying my bills on time. I kept one credit card out of the debt program that I pay on time every month. What else can I do to raise my credit score?
Good credit saves you money. Good credit keeps your interest rates low, so you can afford to buy a new car or a well-maintained used car instead of a lemon. Furthermore, that low rate saves you hundreds of dollars in car payments each month.
After a short sale, what kind of hit can I expect on my credit score, and about what would be the recovery time for my credit score?
The first step to improving your credit score is checking your credit report. You can access a free copy of your credit report from the three major reporting bureaus, Experian, Equifax, and TransUnion, by visiting this website: www.annualcreditreport.com/index.action.
Note: your free credit report does not come with a credit score. To see and track your credit score for free, set up an account at Credit Karma.