If you are looking to raise your credit score, I compiled a list of Ways To raise your Credit Score fast!
- Make Frequent Payments
- Ask for Higher Credit Limits
- Become an Authorized User
- Use A Secured Credit Card
- Keep Credit Cards Open
- Mix up the Types of Debt you have
- Pay Bills On Time
Ways To SKYROCKET your Credit Score:
Make Frequent Payments
Make Frequent Payments — make small payments often (micro-payments) throughout the month, To help keep credit card balances down. Making multiple payments throughout the month works on a credit factor called credit utilization.
Ask for Higher Credit Limits
Ask for Higher Credit Limits — Call your card issuer and ask if you can get a higher limit. This will help lower your debt-to-income ratio.
Become an Authorized User
Become an Authorized User — Ask a relative or friend with a long record of responsible credit card use and a high credit limit to add you to his or her card as an authorized user. The account holder doesn’t have to let you use the card — or even tell you the account number — for you to benefit. It can fatten up your credit file, give you a longer credit history, and lower your credit utilization.
Use A Secured Credit Card
Use A Secured Credit Card — This type of card is backed by a cash deposit; you pay it upfront and the deposit amount is usually the same as your credit limit. Think “Prepaid Credit Card” BUT it is reported on your Credit Profile
Keep Credit Cards Open
Keep Credit Cards Open — Closing a credit card means you lose that card’s credit limit when your overall credit utilization is calculated, which can lead to a lower score. Keep the card open and use it occasionally so the issuer won’t close it.
Mix up the Types of Debt you have
Mix up the Types of Debt you have — If you have only credit cards or only loans, consider getting the type of credit you don’t have. Auto Loan, Personal Loan, Credit Card, Mortgage, etc…
Pay Bills On Time
Pay Bills On Time — always pay your bills on time and always make the minimum payment if not more!
Let’s Review…
Ways To Raise Your Credit Score:
- Make Frequent Payments
- Ask for Higher Credit Limits
- Become an Authorized User
- Use A Secured Credit Card
- Keep Credit Cards Open
- Mix up the Types of Debt you have
- Pay Bills On Time
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About Me:
Hi, if we haven’t officially met I’m Blogging Brandi and this is my Money Blog! I am an ex-corporate Kool-Aid Drinker, Born to be a Blogger, Creator, and Entrepreneur. I also LOVE my dogs and RV a lot! Plus, I have a background in Accounting, Investments, and a Finance Degree! So, I kinda, maybe, sorta, might know a thing about money! Check out the About Page for all the details! 😉
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Hi, if we haven’t officially met I’m Blogging Brandi and this is my Money Blog! I am an ex-corporate Kool-Aid Drinker, Born to be a Blogger, Creator, and Entrepreneur. I also LOVE my dogs and RV a lot! Plus, I have a background in Accounting, Investments, and a Finance Degree! So, I kinda, maybe, sorta, might know a thing about money! Check out the About Page for all the details! 😉