Whether you’re interested in quick fixes or are looking for long-term solutions, working to improve your credit is a good idea. Here are some tips to get you started.
Make Payments on Time
Consistently making credit card and loan payments on time is one of the biggest factors of your credit score, notes myFICO. Set up reminders on your phone or email so you don’t miss a payment.
Change Your Payment Dates
One tip to help you make sure you can cover your payments on time is changing the dates your payments are due. Set up your payment schedule based on when you get paid, advises Intuit.
Pay Off Owed Money
The amount of credit you have versus the amount of credit you’re using is a factor in your credit score. Stop borrowing money, and pay off what’s already owed, advices myFICO. This is one of the best ways to fix credit fast.
Keep Credit Cards Open
Once you pay off a credit card, you may be tempted to close the account. However, in order to keep your credit score higher, you should actually keep the credit card open, says myFICO.
Keep an Eye on Your Credit Report
In order to know how you’re doing, keep an eye on your credit report. Some people think that checking their score will affect it, but that’s not the case, states myFICO.
Dispute Wrong Information on Your Credit Report
If you check your credit report and notice that there’s wrong information, take action to resolve it. Dispute any errors promptly, advises Experian. Consistent credit fix reviews will help you stay on top of your score.
Think Twice Before Opening New Accounts
According to Experian, opening a bunch of accounts won’t help your credit score. In fact, it’s better to avoid multiple hard inquiries into your credit report and manage your existing debt.
Have a Mix of Loans
Instead of having just credit card debt, you want to have a mix of loans, reports Intuit. So consider having credit cards, loans and utility bills.
It Takes Time
While many people want to know how to fix credit quickly, sometimes it can take time. Some things can take months to show up on your credit report, claims CNN.
Become an Authorized User
If you become an authorized user on someone else’s credit card, that can help boost your credit score, notes Intuit. Of course, that depends on the authorized users’ card status, so tread carefully.