- Pay off outstanding debts
- Keep credit card balances low
- Limit new credit applications
- Check your credit report for errors
- Use credit responsibly
Pay off outstanding debts
Paying off outstanding debts can have a significant impact on your credit score. Focus on paying off high-interest debts first and then work on paying off other debts.
Keep credit card balances low
Keeping your credit card balances low in relation to your credit limit can positively impact your credit score. Aim to keep your credit utilization ratio below 30%.
Limit new credit applications
Applying for multiple new credit accounts within a short period can negatively impact your credit score. Limit new credit applications to only when necessary.
Check your credit report for errors
Regularly check your credit report for any errors or inaccuracies that could be negatively impacting your credit score. Dispute any errors you find with the credit bureaus.
Use credit responsibly
Using credit responsibly by making on-time payments and avoiding maxing out credit cards can help improve your credit score over time. Be mindful of your credit usage and payment habits.