Blog
How To: Improve your Credit Score
Learn how to boost your credit score — by paying on time, reducing debt, managing credit wisely and avoiding unnecessary new credit.
Jul 16, 2020
Wednesday we broke down what your credit score means and how it can help or hurt you when applying for a mortgage loan, today we are going to break down how to improve your credit score!
- Get your credit report - check for errors missed payments and other bad marks
- File a Dispute - Dispute any errors with each of the three credit bureaus, you can also try this with legitimate bad marks
- Switch Up Your Debt - Consolidating your revolving (credit card) debt into non-revolving debt in a personal loan is a better type of credit. Just don't max out the cards again
- Ask for a Limit Increase - Getting your cards limit increased improves your credit utilization ratio
- Add Rent to your Credit Report - You can earn credit for those on-time rent payements by using sites like RentTracker
- Get a Cosigner - If you aren't able to get a loan on your own, getting a cosigner can help you start building an awesome credit history
- Ride Piggyback on Someone's Card - Get added to someone's credit card so their on time payments help your credit score
- Get Tough with Creditors - Negotiate with lenders, especially those with whom you've maybe missed payments.
- Payoff Maxed-Out Credit cards first - and then pay the rest off, always try to make more than 1 payment a month and more than your minimum paymentWell we hope these tips were able to help you get a better idea as to how to improve your credit! Have a great weekend ?
