Hello! Today, I’ve partnered with Lexington Law to teach you some tips and tricks about how to increase your credit score.
At least a few times a year, I check my credit score and my credit report. I am happy to say that my credit score is excellent at 822.
I check these two things often because it’s an important part of improving your financial situation, and because by regularly checking your credit report, you can keep fishy things off your credit report that may be damaging it.
Surprisingly, many people don’t know what their credit score is.
If you want to learn how to increase your credit score, then there are many tips that you may want to know.
To start off, though, you’ll want to know what a credit score is, as many people don’t really understand this either.
Your credit score is a three digit number showing others (such as someone who may be giving you a loan) your creditworthiness, and is often used as an indicator of how risky you are.
There are three main credit bureaus, which is why you may occasionally see different numbers. The main three (TransUnion, Equifax, and Experian) calculate credit scores depending on the information they have about you. So, this means that your credit history and credit score may vary a little between the three main credit bureaus.
Your credit score can impact the interest rate you receive on a car loan, buying a home and the mortgage rate you receive, attaining a rental home, getting a new job, your car insurance rate, and more.
Even though your credit score can change your life in a significant way, that doesn’t mean it’s hard to increase your credit score. Yes, it can be easy to hurt your credit score, but it can be easy to improve your credit score too!
How to increase your credit score:
Like I said earlier, learning how to increase your credit score doesn’t have to be difficult.
Below are my tips for increasing your credit score:
- You should always make sure to pay your bills and accounts on time. If you have a bad memory, then you should set reminders for yourself on a calendar, whether that be a physical calendar or one on your phone. Paying your bills on time is so very important!
- You should regularly check your credit report. Like I stated above, I regularly check my credit report. You should be doing the very same!
- You should remember to keep your balances and utilization rate low. Keeping your balances below 20% of what you can borrow is important. For example, if your credit card limit is $1,000, try not to have a balance over $200. Lenders like to see a low utilization rate as it shows that you are not maxing out your debt.
- You may want to ask for your credit limits to be increased. This can help to keep your utilization rate low. However, if you are bad with credit and are afraid that you’ll just max it out regardless of what your credit limit is, then you may not want to do this.
- You may want to pay off your credit card balance before it is reported. This may help with lowering your utilization rate.
- You may want to keep your credit card accounts open if it makes sense (if you think you’ll go into debt with them open or if the annual fees aren’t worth it, you may want to think about closing them instead), so that you can lengthen your credit history.
If you’re looking for professional credit repair services, then I recommend looking into Lexington Law.
Lexington Law has been around for several years and has helped many, many people increase their credit score. They can help you remove items from your credit report such as items in collections, late payments, judgments, bankruptcies, foreclosures, and more, which can help you to increase your credit score.
Here are some testimonials for Lexington Law:
- “I’m sure you hear this all the time but I couldn’t stop singing songs of praise to the staff at the Lexington Law Firm. I got an updated copy of my Experian Credit Report today and I was so happy I started jumping up and down in the driveway. They deleted six out of nine negative entries — and in less than two months — now that’s what I call SERVICE. I can’t wait to see the negative entries fall off my other reports as well! Thanks a million!” A., Lexington client
- “Your service is great! My Experian credit report is all cleaned up! I can’t believe it! The other two bureaus are almost clean too. The past six months have been great. Ford leasing company picked up the lease for a $40,000 car easily. I’ve also gotten new credit cards with high lines of credit and low interest and zero interest on balance transfers. So far I’ve spent under $500 on your service. It has been worth every penny. You guys are just great. I’d recommend you to anyone that has a scary credit report! Thanks so much.” B.G., Lexington client
If you contact Lexington Law, then they will give you:
- Free personalized credit consultation
- Free access to your TransUnion report summary
- Free credit report review and recommended solutions
What other tips do you have for learning how to increase your credit score? What is YOUR credit score?
Philip Stanfield says
Thanks for the info! Paying off your credit card before it is reported is one that has dropped my credit score in the past. I paid for something big with my credit card to get the points, then the report happened before I could pay it off and for the next month or so my credit score was quite a bit lower.
I sometimes pay $100 or close to it weekly on my rewards credit card so my credit score can get a nice boost quarterly. After I pay it off, I’m going to leave my purchasing power alone for a quick New York minute. My hands are a little too happy when I see something online I want to buy in the moment. Yup. Impulse spender…L 😛 L!