You’re about to discover how to increase your credit score... starting TODAY!

That's right! In the this article I am going to give you 5 tips that could help you increase your credit score in no time at all... if you take action! But before we get started, let's go over some basic facts:

• The lowest credit score is a 300 and the highest score is an 850.
• The national average credit score is 692 (according to Money-Zine, January 2011)
• A good credit score is anything 700 and above

Know your score
The first step to repairing your credit score is to find out where you stand, right now. 

Pay off outstanding debt
This is the step that usually takes some time, but regardless--- it is crucial to your credit score recovery.

Dispute any errors on your report
Because so much of the credit score data is handled manually by the credit reporting agencies, errors are inevitable. It's important that you note and dispute any fishy numbers and miscalculations on your credit report file that are negatively affecting you.

Don't close accounts you've paid off
It's better to let the accounts that you've paid off stay open, even if you don't use them. This means that your credit to debt ratio gets improved, and as a result you credit score is improved. This is a tip that is often overlooked, but is very powerful when you put this to use.

Cut your spending

This is probably the most practical advice to boot, but it's very important. You can't spend the same way and expect different results. ;) It's important to create a feasible budget, and stick with it. The rewards of a good financial profile is well worth the discipline it takes to get there!

Now that you know all of this, it's important to put it to use right away. Find out what your score is right here. The sooner you take the next step, the sooner you can start reaping the benefits of a good financial reputation.