- Pay off outstanding debts
- Keep credit card balances low
- Make payments on time
- Check your credit report for errors
- Limit new credit applications
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 your way down to lower-interest debts.
Keep credit card balances low
Try to keep your credit card balances below 30% of your available credit limit. High credit card balances can negatively impact your credit score.
Make payments on time
Consistently making on-time payments is crucial for improving your credit score. Set up automatic payments or reminders to ensure you never miss a due date.
Check your credit report for errors
Regularly check your credit report for any errors or inaccuracies that could be dragging down your score. Dispute any errors you find to have them corrected.
Limit new credit applications
Applying for multiple new credit accounts in a short period can lower your credit score. Only apply for new credit when necessary and try to space out applications.