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How to Raise Your Credit Score

Your credit score is a key factor in determining your financial future. A high credit score can mean the difference between getting approved for a loan and being denied. A low credit score can lead to higher interest rates and make it difficult to get approved for credit cards or loans.





There are a few simple steps you can take to raise your credit score:


1. Check your credit report for errors and dispute any inaccuracies.


2. Make all of your payments on time, including your utility bills, credit card bills, and student loans.


3. Keep your credit card balances low. Your credit utilization ratio, which is the amount of available credit you're using, should be below 30%.


4. Use a mix of different types of credit, such as installment loans (like a car loan or student loans) and revolving credit (like a credit card).


5. Keep old accounts open even if you're not using them. Keep in mind that if there’s been no activity on an account for awhile, the credit company does have the right to cancel the account on you & often without giving you notice, so a best practice is to every once in awhile charge something to that account & then pay it off.


6. Seek out a financial advisor to help you create a plan to improve your credit score.

Following these simple steps can help you raise your credit score and improve your financial future.


If you have questions about your credit score & ways to improve it, we’re happy to help you get started. Book a 30 minute call to discuss your credit score questions here: www.calendly.com/heysonder/intro