There are numerous benefits to having a strong credit rating; the best in the current state of the economy is the fact that you have access to emergency cash or credit when you need it the most.
All sorts of businesses in every market are offering GREAT deals right now and having a good credit rating gives you even more access to these offerings.
You can easily improve your credit rating by following a few different tips and tricks of the trade.
First of all, you need to begin to establish some sort of credit if you do not have any credit accounts.
And when I say credit accounts, I am referring to accounts that report to the credit bureaus.
Most department store cards, gas cards and credit cards report to the three main bureaus and if not all three at least one of them.
The key is to begin to establish some sort of payment history with a creditor...
Other creditors will look at this as a plus if they see some repayment pattern when deciding on approving you for credit.
On the other hand if you have had credit accounts in the past end up negatively you want begin learning more about the dispute process, which is where you challenge the accounts that are currently on your credit report with the bureaus to have them deleted.
There are certain grounds that you can use to have such accounts deleted but you must understand exactly how the law operates in order to accomplish this task successfully.
Believe it or not, these deletions can take place with simple letters to the bureaus.