If you’ve been denied a loan or offered a high interest rate, your credit score likely needs improvement. The good news is that you can quickly boost your score by following certain strategies. Here’s how:

Mistakes in credit reports are more common than you think. Request a free credit report from Experian, Equifax, and TransUnion and carefully review it for inaccuracies. If you find an error, file a dispute to correct it this can quickly improve your score.

Payment history is one of the key factors affecting your credit score. Even a single late payment can hurt your score. Set up autopay or reminders to avoid missing due dates.

One of the main factors in your credit score is your credit utilization rate. If your limit is $5,000, try not to use more than 30% (i.e., $1,500). If possible, pay down your balance to lower this ratio.

If you have a relative or friend with a good credit score, ask them to add you as an authorized user on their card. This can positively impact your credit profile.

If you have few credit accounts, consider applying for credit-building products like a credit-builder loan or secured credit card. These can help establish a positive credit history.

If you already have a credit card, ask your bank to increase your limit. Even if you don’t plan to use the extra funds, this will lower your credit utilization, which can boost your score.

If you have few credit accounts, consider applying for credit-building products like a credit-builder loan or secured credit card. These can help establish a positive credit history.

Want to learn more and get a personalized strategy? Contact our experts – we’ll help you strengthen your credit profile!