- Pay bills on time
- Reduce credit card balances
- Check credit report regularly
- Limit new credit applications
- Consider a credit-builder loan
Pay bills on time
Paying bills on time is crucial for boosting your credit score. Late payments can have a significant negative impact on your creditworthiness.
Reduce credit card balances
High credit card balances can harm your credit score. Aim to keep your credit utilization ratio below 30% by paying down balances.
Check credit report regularly
Regularly checking your credit report can help you identify any errors or issues that may be dragging down your score. Dispute any inaccuracies to improve your creditworthiness.
Limit new credit applications
Applying for multiple new credit accounts within a short period can lower your score. Limit new credit applications to prevent unnecessary credit inquiries.
Consider a credit-builder loan
A credit-builder loan can help establish a positive payment history and improve your credit score over time. It's a useful tool for those looking to boost their creditworthiness.