Even if you don’t know it, the way that your credit score works could be overwhelming. We all want to have a perfect one but people who are financially savvy often seem unattainable. But never fear! There may actually be some quick ways for those with lower scores than they’d like to bump their numbers up on any given day and increase them by 100 points in no time at all depending on what is supporting it.
You’ll have more access to loans or credit cards, and you might be able to get better terms.
Your low scores aren’t a waste of time! They mean there’s more room for improvement, and even tiny improvements can result in considerably big jumps.
Pay Bills On Time
Overdue payments typically last until seven and half years from when loans are actually due or in some cases longer depending on which type of debt we’re talking about (credit card balances versus student loan). So if you’ve been trying different strategies like paying down debt, opening up new accounts, negotiating lower interest rates etc…
If you miss a payment, call the creditor to make arrangements. If they are willing to cut their losses and not report it, pay up as soon as possible so that your credit doesn’t suffer even more.
Make Frequent Payments
Keeping your credit card balances low and improving your score is as simple as making small payments throughout the month. For example, if you get paid every other week on a bi-weekly pay cycle, then paying just $30 one day during each of those weeks will keep things balanced – plus it’ll help improve that all important credit score.
If you can resist the temptation to splurge on expensive items, but instead use that money for future expenses.
Dispute Credit Report Errors
You may be able to improve your credit score in a matter of weeks. If you experience an error on one of the three credit bureaus, fixing it can help make sure that all three are accurate and give you top scores quickly.
If you choose to use Credit Repair of San Antonio, they’ll get your reports more often and examine them for errors like overdue payments when you paid on time or negative information that is too old.
If you are tired of dealing with errors on your credit report that affect your chances when it comes to getting a loan, then the next step is to dispute them. You will have 30 days for an investigation process before time runs out but if you want things done faster than this course of action can take.
Keep Credit Cards Open
You might be tempted to close one card, but it will only make credit score difficult and hard work. Keep the cards open for now so you can use them occasionally while still maintaining a healthy credit utilization ratio.
Mix Up Your Credit
A line of credit is a good way to make your financial situation look better for lenders. This can help if you have only one type of account, like loans or Credit Cards that might not be as impressive on paper due to their lack in diversity.