You’re about to discover how to raise your credit score 100 points in 30 days or less. This guide will show you the simple steps that anyone can take to improve their credit rating.
Checkout this video:
Check your credit report for errors
One of the best things you can do to improve your credit score is to check your credit report for errors and dispute any that you find. You’re entitled to a free credit report from each of the three major credit bureaus once every 12 months, so take advantage of that.
If you see something that doesn’t look right, such as an account that isn’t yours or a late payment that you know you made on time, contact the credit bureau and file a dispute. It’s important to do this in writing, and include as much documentation as possible. The credit bureau has 30 days to investigate and must respond in writing.
In the meantime, don’t hesitate to contact the lender directly if you have questions about an account. They may be able to clear up any confusion.
Pay your bills on time
One of the most important things you can do to improve your credit score is to pay your bills on time. A late payment can stay on your credit report for up to seven years, and it can have a major impact on your score. To make sure you never miss a payment, set up automatic payments with your creditors. This will ensure that your payments are always on time and that you never have to worry about forgetting a payment.
Reduce your credit card balances
The first thing you need to do to improve your credit score is to reduce the balances on your credit cards. This is important because the amount of debt you have is one of the factors that determines your credit score. The more debt you have, the lower your credit score will be.
To reduce your credit card balances, you can either transfer the balances to a low interest rate credit card or you can make payments to the card with the highest interest rate first.
Do not apply for new credit
There are a lot of things you can do to help improve your credit score, but there are also a few things you should avoid if you want to see a significant jump in your score. One of the worst things you can do is apply for new credit.
Every time you apply for a new credit card or loan, your lender will do a hard inquiry on your credit report. This can temporarily drop your score by a few points, and if you have several inquiries in a short period of time, it can have a more significant impact. If you’re trying to raise your credit score 100 points in 30 days, it’s best to avoid any new applications.
Get help from a credit counseling or credit optimization service
There are many services that claim to be able to improve your credit score, but not all of them are legitimate. You should be very careful when choosing a credit counseling or credit optimization service. Be sure to read reviews and check with the Better Business Bureau before you sign up for any service.
There are a few things that you can do on your own to raise your credit score, but if you’re looking for a more significant increase, you’ll likely need help from a professional service.
If you decide to use a professional service, make sure that you understand the terms of the agreement before you sign anything. Be sure to ask questions and get everything in writing. You should also make sure that you understand what will happen if you stop using the service or if you decide to cancel your agreement.