How to Get a Credit Score of 900 Points

Having good credit has become increasingly important. You credit score is linked not only to the interest rate you will receive but also to whether or not you can buy a home, purchase a car or get a new credit card. In many cases your credit score is now even being used to calculate risk for automobile insurance. Simply put, a great credit score will save you money, and over your lifetime a lot of it. Getting a near-perfect credit score is challenging, but not impossible. If you are looking to get a score of 900 the following steps will help you achieve your goal.

Obtain a copy of your credit report and your credit score. You can get these both on the Internet. You can get your report free once a year, but to get your score you will need to pay. The cost is $39.99 for a report from each of the three major reporting agencies: Equifax, Experian and TransUnion. Your credit scores can range from 300 to 950 points, depending on the report. It is important to note that some agencies use a model that only reaches 850, which means you'd never be able to get a score of 900 with that agency.

Carefully look over your reports. If you find errors you will need to file a dispute with your credit company and work to get the errors corrected. Getting errors off your report will raise you score.

If you do not have a checking and savings account, go to a bank and open them. Responsibly maintaining these accounts shows stability and helps with your overall score.

Always make sure you have a mix of credit accounts. You will need both revolving credit and installment loans to achieve a 900 score. Revolving credit includes your credit cards and lines of credit. Installment loans are your automobile loans, personal loans, mortgages, etc.

Follow certain rules in regards to your credit card if you wish to reach a score of 900. Always pay your bill early and in full. Pay the bill as soon as it arrives, if possible. Use your cards (and pay them off) every month to demonstrate responsibility, but never charge more than 10 percent of your credit limit. Ask for increases in the credit limit at least once a year and never close an account once it has been opened.

Never accumulate more debt than what you can truly pay. When mortgaging a home or taking out a car loan always make sure you will easily be able to make the monthly payment. Be sure to pay all of your installment loans on time every month.

Never "max out" any credit card or lines of credit that you have. If you are someone who has trouble remembering to pay bills on time, set up automatic payments or keep a calendar to indicate when bills are due. Even one late payment can keep you from a great credit rating.

Understand that building to a credit score of 900 takes time and a lot of it. It will take you years of complete consistency to achieve a 900 credit score.Besides paying your revolving credit and your installment loans on time, you will also need to pay all other bills on time, including gas, electric, cable, medical bills, etc. Never let any bills go to collections, as this can greatly affect your credit report and keep you from getting a high score.

Take the time to monitor your report on a regular basis. This way you'll be able to spot mistakes as soon as they happen and take the appropriate steps to have those mistakes corrected on your report.