Chris O'Shea
There are several ways to boost your credit score; the more techniques you know, the better off you are. If you’re looking to improve your score, try these methods below. Remember that improving your score can take time, but it is worth it.
Pay Your Bills
The simplest and most impactful way to improve your credit score is to pay your bills on time, every time. Payment history is the most important factor in your credit score. If you are late on payments, your score will suffer.
Pay Down Debts
Another big factor in your credit score is your credit utilization ratio. This ratio is your total available credit divided by the debt you use. You want your utilization to be below 30 percent; even lower if possible. The best way to lower your utilization is to pay off your credit cards in full each month. If you need additional help with credit card debt, you could try a balance transfer card. These cards allow you to pay off your debt without incurring interest charges.
Keep Accounts Open
Keep old credit cards open, even if you don’t use them anymore. This will help maintain your credit history, which is another factor in your credit score. If the card has an annual fee, contact the lender to see if they can waive the fee or find another suitable solution to help keep the credit history you’ve established.
Do One Thing: Pay bills on time each month, as this is the quickest, easiest way to improve your credit score.
