Steps to Increase Credit Score

Steps to Increase Credit Score

  1. Check Your Credit Report: Obtain a copy of your credit report and dispute any errors.
  2. Pay Bills on Time: Always pay bills on time to maintain a positive payment history.
  3. Reduce Credit Card Balances: Keep credit card balances low relative to credit limits.
  4. Don't Close Unused Accounts: Keep old accounts open to maintain a longer credit history.
  5. Limit New Credit Applications: Minimize new credit applications to avoid hard inquiries.
  6. Diversify Your Credit Mix: Maintain a mix of credit types, such as credit cards and loans.
  7. Become an Authorized User: Consider becoming an authorized user on a trusted account.
  8. Use Credit Building Products: Utilize secured credit cards or credit-builder loans.
  9. Monitor Your Credit Regularly: Keep track of your credit score and report for changes.