Improve Credit Rating Get Your Free Credit Score Report today.

July 9, 2010 - PRLog -- Most people are completely clueless about managing their credit. Most of us when we start working are easily granted credit and, since we are often starting out, we readily accept that credit to buy the things we often need to start our "adult lives" - a home, a car, clothes for work, etc, etc, etc.

Then comes the time when the bills come. Did we overspend? Are we able to make the bill payments on a monthly basis? Or are we simply making the minimums and keeping our heads above water?

Check Free Credit Report today Improve your Credit Rating  -http://www.debtconsolidationcc.com/credit-counseling.html

Then comes the shocker. We go into a bank or credit union for funds for an emergency - I mean we really need that money. We may have lost our jobs, and so have no income coming in, and then the car needs fixing. Or maybe, we need to fix something in the house. Or we just need some help.

And then we get turned down for any more credit. Why? Because the credit check showed that our Credit Score was too low.

"What? I have a credit score?" Yes you certainly do. All of us do - and that magical number will be used to determine your fate. In fact, if you have never used any credit, you will still have a credit score - a very low one at that. And you may still have issues getting credit. Not fair, right? Maybe - but that's how the game is played.

First of all, your credit score is simply a rating that the credit bureaus calculate using a bunch of different factors that are pumped into a formula. That rating ranges between 300 and 850, adn ideally, a good credit rating is anyone who scores between 700 and 750. Where is yours right now?

If you're lower than 700, here are some tips to have an immediate impact on your score:

1) Pay your bills on time. As soon as the bill arrives in your mailbox, deal with it straight off. Do not put it away to deal with later on - that is normally how late payments happen.

2) Make sure to keep your current credit balances low. If you have a credit card that has available credit of $5000, try to keep your monthly usage of that card to below 30%. As well, try to pay off as much of your current debt that you can.

3) Keep your monthly spending under control. Don't take on any debt load that you cannot easily cover. Spend only on things that you absolutely need - focus on paying down any outstanding balances.

So that's it. Your credit score shouldn't be a secret any longer. Just focus on doing these things, keep an eye on and manage the three key factors and your credit score should be soaring towards 700 and beyond within a very short time.

Check Free Credit Report  today Improve your Credit Rating  -http://www.debtconsolidationcc.com/credit-counseling.html