How do I Get Good Creditors to Report to Raise Credit Score?

A bad credit score will make it hard for you to be approved for a car loan or a home mortgage. A good credit score could get you a loan to open a business, put your child through school or even buy property. To raise your credit score, you'll need credit bureaus to receive information from creditors that signals you are in good standing. Fortunately, getting creditors to communicate to the bureaus that you are a responsible credit holder isn't difficult.

Instructions

1

Apply for credit at the right places. Only certain bills are reported to credit bureaus. Cell phone bills, car insurance and electric bills don't get reported unless you are sent to collections. However, most credit cards, lines of credit and large loans such as car notes and mortgages get reported to the bureaus each month. Make sure you apply for credit at places that will report to creditors.

2

Pay your bills on time. You need to make sure the information the creditor reports is good. One reported late payment will have a negative effect on your credit report. Pay all your bills on time so the creditors will report you never missed a payment.

3

Keep your balances low. Credit card balances that are close to or over their available limit will be reported negatively to credit bureaus. To make sure you are reported in good standing, keep credit card balances as low as possible and avoid maxing out credit cards at all costs.

4

Contact creditors to make sure they are reporting correct information. Get a free copy of your credit report each year by going to AnnualCreditReport.com. Look at the report carefully to make sure all of the information is correct. If you find any mistakes on your credit report, contact the credit reporting agencies, Equifax, TransUnion and Experian, and the specific creditor to have your report corrected.