Three Ways To Improve Your Credit Score

Many people have issues with credit score, especially when they have some significant investments coming their way. If you have been turned down for a loan, of you plan to apply for a mortgage, a credit card, or an auto loan, then you might consider improving your score.

Basically, credit score represents your previous credit history and how well you managed your finances in the past. Every time you take a loan, your credit score changes.

However, it’s up to you and how responsible you’ll be with the payments.

Given how we all can end up in a bad situation, here are a couple of tips which can help you boost your credit score.

Take care of your bills on time

Nearly 35% percent of your credit score consists of previous payments. For example, if you are always late with your bills, then you need to start paying them on time. On the other hand, if you’ve only missed a couple of payments, then get back on the tracks.

Each on-time payment updates the current status and provides positive feedback, which significantly reflects on your credit score. The longer you pay your bills on time, the better your credit score will be.

Check the credit report

Keep in mind that mistake happens, and sometimes you might be in trouble without an apparent reason. Therefore, when reviewing your credit score, check for the following things:

• Accounts that don’t belong to you
• Accounts that have a wrong date, or credit limits
• Social security numbers or names that aren’t linked to you
• Incorrect addresses or places you never lived before
• Late payments older than seven years, according to law, late payments can only stay on your credit score for seven years

If you happen to find any mistakes, your creditors are responsible for rectifying errors.

Clear your credit card balance

The amount of debt you have can profoundly impact your credit score. Be aware of the fact that the entire reported liability is taken into account when evaluating your score. For that reason, the best plan of action would be to organize your payments and start paying off the remaining debt.


Although it might seem like a reasonable decision to consolidate debt onto the lower interest card, don’t do it. By opening a new credit card, you can only lower down your credit score. Closing an old credit card with a high limit can also affect your credit score negatively.


We will be happy to hear your thoughts

Leave a reply