Four Things You Can Do to Improve Your Credit

Improving your credit score should begin with you. Yes, you can do a lot to get a better credit rating. In this post, let us take a look at four things that you can do on your own which can help improve your credit score.

1. Ask for a higher credit limit. Credit utilization makes up of your 30% FICO score. How much of your credit line you use can have a significant effect on your final score.

The key is to keep your credit limit usage as low as possible. One way to do that is of course, to keep your credit card charges minimal.

You can also request your creditor to raise your current limit. However, before you call up your issuer to make that request, see to it that you have a good payment record.

If you are habitually late, it will be unlikely that they will increase your credit limit.  Also, your habitual late payments will really hurt your efforts to improve your credit.

Do your research too. Some credit card companies will not increase your credit line if you have just opened the account in the last 12 months or if you have just been granted a raise within the last six months.

Did you know that 35% of your credit score is based on how you pay your bills? Those "occasional" late payments are KILLING your credit score! If you want to improve your credit, the first step is to pay your bills on time!

2. Pay your debts on time. Although this step is quite obvious, some people do not take it as seriously as they should. Payment history makes up 35%, the largest factor in the FICO score so if you’re in the habit of paying late, even if it’s just one day of delay, your credit score will suffer.

Even occasional late payments can have a negative effect in your total credit score.  So if you’re after an excellent rating, see to it that you don’t miss a single due date in all your accounts.

Did you know that when you apply for credit, your credit score takes a hit? Each hard inquiry will bring down your score. But there are alternative ways to get credit without hurting your credit score!

3. Do not apply for multiple credit cards at the same time. Each time you fill out an application for credit, it will trigger a hard inquiry.  Hard inquiry can drop your score several points each time you do so.

If you need a new credit card, look for a company that uses a soft inquiry.  A soft inquiry means that it will not impact your credit score to apply.  Here is a list of soft inquiry credit cards for people with bad credit.

Furthermore, all inquiries made will be reflected in your report so a creditor can see all applications you’ve made to other creditors. Such a move can send a negative impression to a potential creditor. Your purpose for getting a loan or a credit card may be questioned which can result in rejection.

Are you reviewing your credit on a regular basis? If your not, you maybe surprised by whats on your credit report! With ID theft on the rise, you should be using a credit monitoring service to stay on top of it!

4. Review your credit report regularly. Order a copy of your credit report from the three major credit bureaus at least twice a year or before submitting a credit application to make sure that it is free from errors.

Take note that misinformation, unauthorized charges, and other wrong details can lower your credit rating. Correcting these errors at once can enable you to raise your credit score instantly.

Consumers are entitled to one free report each year from the three bureaus (Experian, Equifax, TransUnion) simply by making the request through

If you do find errors, send a credit dispute letter to the bureau that issued your report to have them removed.

Also with identity theft becoming easier and easier to do.  It’s in your best interest to get a credit monitoring service that will alert you to any irregular activity.  We use Lifelock.  They monitor and have an agressive team of people to help if your ID gets stolen.

Credit repair isn't rocket science. And many people can fix their credit on their own with the right tools and organization. This article goes over 4 simple things you can start doing today to improve your credit sore.

About the Author:

Suzy Vanstrusen is a credit analyst and a writer on the website She has been providing consumers with tips and wise information about credit repair as well as helping you out more with your bad credit loans.  Copyright © 2018

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