How To Improve Your Credit Score

• Pay Your Bills On Time

Paying bills consistently and on time shows potential creditors that you are financially responsible and trustworthy.

• Keep Your Credit Utilization Low

Pay more than the minimum payment on your card and under use your credit card

• Be Cautious When Seeking Additional Credit 

A hard credit inquiry can temporarily have a negative impact on your score and can stay on your record for up to 3 years

• Take An Offer To Raise Your Credit 

Although it may seem counterintuitive, accepting an offer to increase your credit limit can help improve your score. If you keep your spending the same but increase your limit, then you will be decreasing your credit utilization

• Diversify Your Credit Mix ​​​​​​​

​​​​​​​Your credit diversity makes up around 10% of your overall score; Therefore, we recommend focusing first on the more impactful factors, such as ensuring a consistent payment history and your credit utilization rate to boost your credit score. 

• Dispute Errors on Your Credit Report

We recommend regularly checking your credit report. For example, you may look at the report in detail to verify that the accounts listed are accurate, or that credit inquiries conducted on your report were done with your permission.

• Keep Your Oldest Credit Card

​​​​​​​Just remember that your oldest credit card could be canceled by your credit card provider after a certain amount of time. An inactive card that's suddenly be canceled could hurt your score.

• Consider A Secured Credit Card or Credit Builder Loan

​​​​​​​Credit builder loans are another smart way to build credit. They are specifically intended to help you build credit rather than lend you money upfront.

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