The first step in figuring out where your credit stands is to know what all 3 of your credit scores are, and what score lenders or other institutions are looking for. In order to qualify for standard interest rates, you need a credit score of at least 675. And a score of 750 or more should get you the best possible rates.

Despite all the claims made by credit repair companies, there is no "quick fix" for you credit score. There are, however, a few things you can do to help improve your score.

• Check for inaccuracies - Your credit report will have a number of inaccuracies that will have a negative impact on your score. It is within your rights to dispute these inaccuracies. Contact the credit bureau with the inaccuracy to find out how you can have it removed.
• Improve Payment History - Late payments, especially those over 60-days, will significantly decrease your score. Making your payments on time will help improve your score.
• Reduce Debts - High balances on your credit limits will also have a major affect on your score. Keeping balances that account for 10% of your credit limit or less will give you maximum credit score benefit.
• Avoid unneccessary inquiries - Every time you request credit, your credit score is pulled. Too many recent inquiries into your credit report or credit score can have a negative impact on your score.
• Have Healthy Credit Mix - For the best credit score, there needs to be a mix of loan and credit accounts. Your credit score will only improve if you have both credit cards and loans.