- 1). Pull your credit report and review it for errors. You can access a free copy of your credit report from each credit bureau by visiting AnnualCreditReport.com --- the only federal government-approved website to provide free annual credit reports.
- 2). Dispute any errors you find with the credit bureaus. You can file a dispute online, via telephone or mail. The credit bureaus will then investigate your claim and rectify your reports, if their information is incorrect. Maintaining favorable credit helps you qualify for a new line of credit.
- 3). Pay down high debts before filling out a bank credit application. Your lack of large debts will make you a safer credit risk.
- 4). Ask a trusted friend or family member to co-sign the line of credit with you, if your credit or income is not high enough to merit bank approval. The bank will take the co-signer's income and credit into consideration when processing your application.
- 5). Provide the bank with collateral, such as your home or vehicle. This gives the bank the right to seize your assets, if you do not make timely payments. This further minimizes the bank's risk and increases your chances of qualifying.
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