Building a good credit score and maintaining it is, in essence, a long-term process. No doubt, that developing good financial habits consequently helps to raise credit score. Get your credit report and credit score.

Your credit score is a calculation based on the information on your credit report. Different companies have different formulas for calculating the score, but the credit score most commonly used is FICO score. Examine your credit reports carefully and search for inaccurate information.

Research has actually shown that 25-50% of credit reports contain errors.

Determine the cause of inaccuracies on your credit report.

Also check if your social security number on the credit report is correct.

If you do find errors like this, contact the credit bureaus to sort it out immediately. Contact credit bureaus to dispute errors on your report.

Credit bureaus have to investigate the inaccurate information in 30 business days and delete the errors. If the credit bureau can’t verify the negative information within this time, it has to be deleted, too.

In addition to disputing errors in your report, these two methods can raise credit score most quickly. Automate your bank payments and get organized, and may raise credit score within a few months.

Using a lower percentage of total credit available to you raises your score, but if you close a credit account, your total available credit decreases.