How to Improve a Credit Score in 2 Months

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Save money on interest-rate charges with a higher credit score.
Save money on interest-rate charges with a higher credit score. (Image: source: stock.xchng)

There is no magic way to immediately improve your credit score, but there are certainly things you can do in order to move toward raising your score. Don't expect an instantaneous increase, but if you monitor your credit score while aggressively working to improve it, then you will soon start to notice an improvement. Even small increases in a credit score can increase your chances of getting approved for credit at a reasonable interest rate.

Review a copy of your credit report and then get aggressive. If you truly want to increase your credit score in two months, then you need to be very intentional in your actions. It takes some work to improve a credit score, so the more quickly and aggressively you pursue your goal, the quicker you will notice an improvement. The only way to see a difference in your credit score in a short period of time is to work quickly and with your eventual goal in mind.

Bring all your accounts into current status. If you have any bills that are unpaid, you should pay the past-due amounts right away in order to get rid of any delinquent listing on your credit report. You should pay delinquent accounts even if the account is closed, because delinquent accounts drag your credit score down substantially. When paying the delinquent accounts, be sure to also pay any additional fees because you want to ensure the account appears completely up-to-date on your credit report.

Remove errors on the credit report. It's not uncommon for individual credit reports to have errors that can be removed once the consumer alerts the credit bureau to the mistake. If you find errors on your credit report, contact both the credit-reporting agency and the creditor listing the account. You will have to be particularly aggressive with this step if you want to see results within two months, because removing errors from a credit report is a notoriously slow process.

Pay down debt. The amount of available you credit you have is one of the deciding factors for your credit score, so paying down any balances that are close to hitting the maximum credit limit will help your score quite a bit. You don't have to pay everything off in order to see an improvement in your credit score, but the more you can pay down your balances, the better.

Don't apply for any more credit. Every time you apply for a new credit product, whether it's a credit card, a loan or some other form of credit, an inquiry is placed on your credit report. Too many inquiries can drag your credit score down. Stop applying for credit while you're trying to improve your credit score. This is not the time to go out and get more credit; instead, concentrate on raising your credit score.

Tips & Warnings

  • The longer you work at improving your credit score, the more your score will increase.
  • Don't pay a company to improve your credit for you because some of these companies only deliver temporary results.

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