Have you thought about how much easier your life would be if only you were one of those lucky ‘credit high’ people? They get all the breaks in life and can afford more house for their money since their interest rates are low. You know the type; they can drive around fancier cars and may still pay less than the monthly payment you are making for your used clunker. If you have envious, loathing thoughts aimed at those with higher credit scores than yours – if you have ever thought, “If only I could get a second chance…” – then you are suffering from Credit Low Syndrome.

While this fictitious Credit Low Syndrome sounds a little silly or ridiculous, it is not funny for those of us with credit scores keeping us from the things we aim for in life. There is nothing more frustrating than shopping for your first home, or a new home for your growing family, and being unable to get the square footage you need because your budget it being sucked up by high interest rates. Perhaps you have watched a few of those home renovation or house hunting shows on TV and realized that those with good credit pay less or as much for houses twice the cost of yours. Rather than throwing the remote and the TV, there is a better action you can take.

Go online and get a copy of your credit report, for free. Take a good, thorough look at it, line by line. Pay close attention to detail. If you find any information at all that is inaccurate, no matter how small it seems, contact the business reporting the account and reconcile the information with them. Ask them to fax or mail a statement of your account. Depending on the company, they may submit the correct info directly to the credit bureau or you may need to gather the information and submit a dispute with the credit bureau yourself. This is a huge step in recovering from your Credit Low Syndrome.

Another step to improving your credit score and coming out of your Credit Low slump is assessing your debt to income ratio. Are there any debts you should try to pay off quickly so that your debt to income ratio is more in line with what lenders and banks require? Also, you should consider how much revolving debt you have in comparison with your revolving debt limit. If you carry maxed out balances on your cards, this could potentially harm your credit. It may boost your score if you pay the balances down to a little under half of the credit limit and try to keep it somewhere around there or lower.

These are just a few ideas that may help you climb out from the low end of the credit scoring system and get rid of your credit low blues. If you are really serious about improving your score, take these lighthearted tips and ask a financial adviser or loan officer what tactics you can take to quickly boost your credit score and start enjoying life in the luxury of low interest rates. Before you know it, you too can be one of those ‘high credit’ people who get all the breaks in life. So chin up, your scores can rise with a few well-planned steps.

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