@ezequiel.wuckert Are you tired of getting approved for credit cards and loans but never being able to get your score up to secure the deal? Are you looking to repair your credit score but don't know where to start? The good news is that fixing your credit doesn't have to be complicated or take a long time. Below, we'll walk you through some of the essential things you can do to improve your credit score in as little time as possible.
Build Your Credit File
The first thing you should do is start building a solid credit report. You're missing out on many opportunities if you don't have a credit file. Even if your credit score isn't great, you can still qualify for good deals by putting together a good credit report.
Pay Bills on Time
Pay your bills on time to show that you are responsible and reliable. You should pay at least the minimum payment for each account, but if you have the money, pay extra to ensure that it gets paid off in full.
Catch Up On Past-Due Accounts
To build credit, you must have a history of making payments on time. You'll need to catch up if you've been ignoring your bills. Several ways to do this include making payment arrangements with your creditors and requesting a payment extension when you miss a payment or two.
Pay Down Revolving Account Balances
The credit utilization rate is the amount of a credit account used. If you have a credit card with a limit of $2,000 and you have only used $500 in the last month, your utilization rate is 50%. In this case, if you don't pay down your balance, your credit score for that month will be lower than it would be if you paid off the entire balance.
Limit How Often You Apply for New Accounts
New accounts are outstanding, but you need to consider how often you apply for new accounts. If you keep applying for new credit, you'll be hurting your credit score by raising the average age of your account. This will cause your score to drop.
Improving your credit score is a lot easier than it seems. All you need to do is follow these simple steps, and you will have a better credit score.