- Pay off outstanding debts
- Keep credit card balances low
- Limit new credit applications
- Check your credit report regularly
- Consider credit-building tools
Pay off outstanding debts
Paying off outstanding debts can have a significant impact on your credit score. Focus on high-interest debts first and work towards paying them off as quickly as possible.
Keep credit card balances low
Keeping your credit card balances low in relation to your credit limit can help improve 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 regularly
Regularly checking your credit report can help you identify any errors or discrepancies that may be affecting your credit score. Dispute any inaccuracies to have them corrected.
Consider credit-building tools
If you have a limited credit history, consider using credit-building tools such as secured credit cards or becoming an authorized user on someone else's credit card to help establish a positive credit history.