5 Great Tips on How to Improve Your Credit Score

Credit is important. It gives banks trust that you will pay all of your financial obligations.

If your credit score is poor or you have no credit at all, this post will help you make it better. This is one of the first steps to establishing your financial history.

5 Tips on How to Improve Your Credit Score:

If you have a credit card, make sure to pay it in full at the end of the month. Do not pay the minimum that the credit card companies offer. 

Pay Your Bills

Open up a Second Credit Card

If you open up a new card, you will have the opportunity to have more credit afforded to you, making a lower utilization of your credit.

Be an Authorized User

Becoming an authorized user on another person’s account will help you increase your score. It is like someone co-signing for you on loan.

Once that card is closed, your score will be negatively affected by the average of your past.

Don’t Close Unused Credit Cards

If you use too much, the creditors will bring down your score due to the risk involved. As long as your balance is relatively low, you will be a low-risk to the banks. 

Low Credit Balance