5 Ways to Quickly Improve Your Credit Score

5 Ways to Quickly Improve Your Credit Score

Improving your credit score can be an uphill task without proper guidance. Past activities on your credit reports can influence your current credit rating. It’s good to note that repairing your credit score needs management over time. The following are some tips for you to use to better your credit rating:

Payment Prompts

Late credit payment is the major contributing factor to a deteriorating credit score. Most financial institutions do not offer payment reminders unless requested. Since forgetting payment dates can affect credit scores, you need to seek reminder services or set some on your handheld device. You could also issue standing orders to your bank to automatically pay for the debts from your account on a certain date. This will ensure that your credits are paid on time.

Watch Your Balances

Focus on reducing your credit balances rather than taking more. Lenders research your credit history and are concerned with your balances at a particular time. The more credit cards, the lower the credit rating. Consolidating your credit balances would improve your credit score. One-off payments may not help your score as much as balances on your statement as reported at a particular time. Request to make multiple payments rather than a one-off payment at the end of the month. If you read more about managing credit balances at https://www.boostcredit101.com/, you will be in a position to take control of this.

Only Apply For a Credit Card When Needed

Each time you apply for a new credit card, your credit score is affected. Multiple enquires on your report over a short period of time affects the score adversely because they eat up your points. The only solution to this is by taking credit when necessary. Ask yourself if there are other alternatives or if you need it at the moment. Lenders will be cautious to know how many credit cards one has to determine their credit worthiness. Too many credit notes may look suspicious to lenders.

Research Your Potential Lender

There are numerous online sites that you can use to research products offered before applying. Consider your needs and find a product that best suits them. This will ensure you are able to meet your obligations concerning payments and time. This also ensures that your credit score is not eventually affected due to late payments or defaulting. Additionally, some lenders are very strict and will only cause your credit score to go down eventually.

Build your Credit Profile

This does not mean taking credit haphazardly. You need to build your credit profile gradually and ensuring you take ownership. Pay all of your utility bills on time and in your name to improve your profile with time. Regularly review your report by requesting for a copy from your credit referencing bureau to ensure that you are always on the right track of improving your profile.


After reading these points, you can confidently say that you are ready to push your credit score to the next level. Ensure that you read and understand them to get the full benefits.