If you’re looking to raise your credit score by 100 points or more in 30 days, there are a few things you can do. Check out this blog post to learn how!
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Check your credit report for errors
If you want to raise your credit score 100 points in 30 days, the first step is to check your credit report for errors. You can do this by requesting a free copy of your report from each of the three major credit reporting agencies — Experian, Equifax and TransUnion. Be sure to check all three reports, as there may be different information on each one.
If you find any errors, dispute them with the credit bureau immediately. You should also contact the creditor directly to alert them to the error. In most cases, the creditor will correct the error and notify the credit bureau, which will then update your report.
If you find errors on more than one credit report, you may need to file disputes with each bureau separately.
Pay your bills on time
One simple way to raise your credit score 100 points in 30 days is to pay your bills on time. Creditors will report late payments to the credit reporting agencies, which will lower your score. So, by paying all of your bills on time for one month, you can raise your score by up to 100 points.
Pay off your debt
One of the best things you can do to improve your credit score is to pay down your debt. If you have a lot of debt, try to focus on paying off the accounts with the highest interest rates first. You can also try to negotiate with your creditors to get them to lower your interest rates. Another option is to transfer your balance to a 0% APR credit card so you can pay off your debt interest-free for a period of time.
Another thing you can do to improve your credit score is to make all of your payments on time. This includes any bills, loans, or other debts you may have. If you’re having trouble making ends meet, consider talking to a credit counselor who can help you develop a budget and set up a payment plan.
Increase your credit limit
A high credit limit can help your score in two ways:
It lowers your credit utilization ratio, which is the percentage of your credit limit that you’re using. A lower ratio is better for your score.
A higher credit limit may help your score if you have a lot of credit card debt and you make small monthly payments. The FICO® scoring formula treats this type of debt differently from other types of debt, such as a car loan or a mortgage. If you make only the minimum payment each month on a lot of credit card accounts, it will take much longer to pay off the debt and will cost you more in interest. That makes your score go down. However, if you have a high credit limit, you can lower your total balance by making the same monthly payment on all your cards, but paying more on the card with the highest interest rate until that balance is paid off. Then work on paying down the next card with the highest interest rate. As you do this, your total balance (and therefore your credit utilization ratio) goes down, which raises your score.
Use a credit monitoring service
If you’re looking to raise your credit score 100 points in 30 days, one of the best things you can do is to sign up for a credit monitoring service. Credit monitoring services will help you keep track of your credit report and score, and will even alert you if there are any changes or red flags. This way, you can stay on top of your credit and make sure that everything is being reported accurately.