Today, I want to address the question that I get very often from friends and readers, which is how to improve your credit score fast. I get these questions from friends who do not have great scores, but are looking to either a car or house within a few months. They are normally looking for a quick formula to give their score a boost.<\/p>\n
Unfortunately, there really is no quick boost or magic formula. But I remember the time when I had no credit and how it took me about six months to get regular unsecured credit card offers in my mail. This was what I did.<\/p>\n
1. I simply paid all my bills on time. Yes, pay in full. There were a couple of months where I carried a balance. But this was due more to the fact that I misread my bills than anything else.<\/p>\n
2. I only used one credit card<\/p>\n
3. On the months that I carried a balance, I did not even come close to reaching my credit limits.<\/p>\n
4. I made sure I paid all my non-credit card bills on time. This is important because I had a couple of close calls with regards to “unintentional late payments”. For example, when I moved house and changed my address, the doctor that I saw sent me my bills but I did not pay because I never received it in my new address! The bill was nearly sent to bill collection. Make sure these things do not happen or your credit score could take a hit.<\/p>\n
5. Lastly, get your credit report and credit score. Check for errors and correct them if you find one. You may also want to consider a package like uze Orman’s FICO Kit, which gives you advice and tips on improving your existing score. What I did was rather basic and simple, and maybe some expert advice from Suze might just get your score up slightly quicker.<\/p>\n
But my opinion is that there is no magic formula. You simply have to watch your report for errors, pay your bills on time, have a plan to reduce your debt if you have any. Do these things and your credit score WILL improve. <\/p>\n","protected":false},"excerpt":{"rendered":"
Today, I want to address the question that I get very often from friends and readers, which is how to improve your credit score fast. I get these questions from friends who do not have great scores, but are looking to either a car or house within a few months. They are normally looking for […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"yoast_head":"\n