- Pay bills on time
- Reduce credit card balances
- Check your credit report for errors
- Limit new credit applications
- Consider credit-building tools
Pay bills on time
Paying bills on time is one of the most effective ways to boost your credit score. Late payments can have a significant negative impact on your credit score, so make sure to pay all bills by their due dates.
Reduce credit card balances
High credit card balances can negatively impact your credit score. Aim to keep your credit card balances low, ideally below 30% of your available credit limit.
Check your credit report for errors
Regularly review your credit report for any errors or inaccuracies that could be dragging down your score. Dispute any discrepancies with the credit bureaus to have them corrected.
Limit new credit applications
Applying for multiple new credit accounts within a short period can lower your credit score. Limit new credit applications to only when necessary.
Consider credit-building tools
If you have a limited credit history or a low credit score, consider using credit-building tools such as secured credit cards or becoming an authorized user on someone else's credit card to help improve your credit score.