How To Gain Your Credit Score According to conventional definition, a credit score refers to a numerical expression, which represents the person s credit worthiness. A credit score is generally based on a credit report that s obtained from the major credit bureaus. According to the US Faire Credit Reporting Act, a person can get a free copy of their credit report from the major credit bureaus, namely TransUnion, Equifax and Experian. A high score usually allows you easy access to different forms of credit, while a poor score limits your financing options. Because your credit report greatly influences how you re able to get a home mortgage or get a job, you need to protect your credit rating, by making all your bill and loan payments on time regularly. 5 Ways To Dispute Discrepancies On Your Credit Score A person s credit score indicates how credit-worthy and financially responsible they really are. A credit report is usually sourced from the nation s three major credit reporting agencies, which includes Experian, Equifax and TransUnion. However, the big three are not immune to errors and major flaws, and according to credit experts, these three agencies incur error rates ranging from 20 to 30 percent, although some of the errors may be as simple as reporting the wrong month of a delinquent account. You can easily get different quotes from banks and financial institutions, and you can easily compare figures, to determine which creditor offers the most convincing terms and conditions. Put Your Other Creditors On Hold If you re in a financial crisis, it would help if you call some of your creditors, and negotiate If you may be able to put on hold some of your payments. Should you spot any inconsistency or discrepancy in your report, this should be removed or erased immediately. Keep Off Any Overdraft Fees To steer clear of overdraft fees, always make it a habit to balance your checkbook against your monthly statements, and always keep records of the items you purchase, or the services you ve availed of. Co-signing also means that the individual you were co-sign for was not able to get the loan without your signature. Always be wary of co-signing a loan, especially if you cannot guarantee that the person will be able to pay his or her payments on time. Continually Keep Your Accounts Active Most creditors and lending agencies would rather prefer to see a verifiable credit history on their clients.