5 Easy and Quick Ways to Improve your Credit Score

Your credit score is one of your biggest financial assets. If your credit score is high, your borrowing rates will be low and therefore save you hundreds of dollars. The big mystery is how to maintain a high credit score. Well if you want to either maintain or repair your credit score, you are in luck, it can take as little as two months to raise your credit rating. Your credit score is based on a few prime factors, there is no particular order in which I will discuss them (Some of them have higher weights in regards to the score). Repayment history, current debt owed, recent credit checks, and registered income (there are other factors as well).


In order to repair or raise your score, you may follow a few of the steps provided below.


  1. Pay off all revolving credit cards. Revolving credit cards are like Discover cards or any other monthly credit card. Even though you might pay before the deadline, credit card companies report the debt owed on a monthly basis which may be before the deadline.

  2. Registered Income. This is your official salary from work.

  3. Check your credit score online with one of the official companies to see what or why your credit score is the level it is. This will help you determine what you can really do to increase your credit score.

  4. Do not apply for every car, credit card, and home that you are looking at as an eager consumer. Because every time you try to purchase a home, car, or get a new credit card your credit score is checked and the crediting agencies lower your score if you have had two or three credit checks within a few months of each other.

  5. Lastly, open a savings account and budget your money accordingly that you will always have extra cash to help in times of need.