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Credit Scoring

Playlist: Credit Scoring

What can I do to improve my credit score?

What can I do to improve my credit score?

Improving your credit score over a short amount of time may be a challenge, but here are 5 ways you can improve your credit score in the long run.

1. Pay your bills on time.

Set up automatic payments whenever possible, and if you can't, set reminders on your phone.

2. Get current on outstanding debt.

Be up-to-date on all bills, so going forward you can pay on time.

3. Pay down your debt.

Even if you can't pay it all off, pay down what you can.

4. Keep old credit cards.

The longer you have been using credit, the better it is for your credit score.

5. Open new accounts slowly over time, if needed.

Refrain from taking out too many new accounts at one time.

Carefully consider how many accounts you need to have open to stay financially healthy.

Overall, don't be afraid to seek help! Many lenders offer services to help you get your credit back on track!

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