How to Raise Your Credit Score in 3 to 6 Months
Having a great credit score is important. Your credit score can affect whether or not you get a loan, a credit card, a new car or even an apartment. However, if you do have a bad credit score, don't despair. There are things that can be done to raise this score. Here are a few steps that can help you to raise your credit score in just a few months.
Other People Are Reading
Instructions
-
-
1
Always pay your bills on time. Every time you are late, this hurts your credit score. This not only includes the credit cards that you have, but house payments, utility bills, payments on your car, and more. If you continue to pay your bills on time, you can raise your credit score pretty quickly. However, if you fail to pay on time, you can quickly lower your score as well.
-
2
Get your credit report and dispute any problems on it. You should take the time to get your credit report every year. Take a look and find out if there are any mistakes on the credit report. Many people end up with bad credit scores because of mistakes. When you find any mistakes, make sure that you dispute the problem and get it corrected. This can significantly and quickly raise your credit score.
-
-
3
Avoid closing out older credit accounts. Even if you have accounts that you don't use anymore, it's a good idea to keep them unless they build up big fees. This will make the amount of open credit greater, which can help to raise your score. As you close accounts, the amount of available credit goes down and your debt-to-credit ratio goes up, affecting your credit score negatively.
-
4
Don't apply for multiple cards. Some people who have bad credit try to get a credit card and go around applying for every card they come across. This can spell disaster for your credit score. Avoid applying for credit if at all possible and it will help you to raise your credit score. The more you apply, the more inquiries go on your credit report, which lowers your score.
-
5
Try using a secured credit card to improve your score. If you have a lower credit score, these cards can really help out. Usually the fees and interest rates are low and as you pay on them, you can work on raising your credit score. It's a wonderful way to get your credit score back on track again.
-
1
