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13 Tips To Improve Your Credit Score

Improve your credit score

Improve your credit score to make borrowing easier and less expensive!

Looking for ways to improve your credit score quickly?

There’s a number of different things you can start doing and things that you should stop doing that will all greatly impact your credit rating.

Here’s 13 quick tips that will make a difference.

Here’s How To Improve Your Credit Score Fast


1. Pay your bills on time. Delinquent payments and collections can have a major impact on your score

2. If you have missed payments, get current and stay current. The longer you pay your bills on time, the better your score.

3. If you are having trouble making ends meet, see a legitimate Debt Advisor. This will not improve your score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time.

4. Keep balances low ( 1-10% utilization) on credit cards and other revolving credit. High outstanding debt can affect a score.

5. Pay off debt rather than move it around.

6. Re-establish your credit history if you have had problems.

7. Opening new accounts responsibly and paying them off on time will raise your score in the long term.

8. Note that it is OK to request and check your own credit report. This will not affect your score, as long as you order your credit report directly from the credit reporting agency or through an organization authorized to provide credit files to consumers (such as Equifax and Trans Union).

9. Apply for and open new credit accounts only as needed.

10. Have credit cards but manage them responsibly. In general, having credit cards and installments loans (and paying timely payments) will raise your score. Someone with no credit cards, for example, tends to be higher risk than someone who has managed credit cards responsibly.


1. Close unused credit cards as a short term strategy to raise your score. NEVER close and open account unless it is costing you money.

2. Open a number of new credit cards that you do not need, just to increase your available credit. This approach could backfire and actually lower your score.

3. If you have been managing credit for a short time, do not open a lot of new accounts too rapidly. New accounts will lower your average age, which will have a larger effect on your score if you do not have a lot of other credit information. Also, rapid account buildup can look risky if you are a new credit user. Do your rate shopping for a given loan within a focused period of time. FICO scored distinguish between a search for a single loan and a search for many new credit lines, in part by the length of time over which inquiries occur.

By. Jayson Lowe – Debt Advisor with the McGuire Financial Group and Co-Founder of McGuire Insurance Services

Are there any other tips you have to help improve your credit score? Leave your comment in the box below.