How to Increase Your Credit Score

Tips and Tricks:

What to Avoid: 

  • Check your credit score regularly
  • Pay your bills on time (even if you have to just make the minimum payment)
  • Increase your credit limit
  • Maintain low balances (use 30% or less of your credit limit)
  • Look at your debt-to-income ratio
  • Have a mix of credit accounts
  • Use a credit repair company 
  • Taking on too much debt
  • Closing a credit card account
  • Maxing out credit cards
  • Paying late
  • Applying for new credit frequently

Sources: 

Adam Hayes. FICO Score. Dotdash Meredith. 18 February 2023.

Rajeev Dhir. Creditworthiness: Definition, How to Check and Improve It. Dotdash Meredith. 5 April 2021.

The Investopedia Team. Credit Score: Definition, Factors, and Improving it. Dotdash Meredith. 18 September 2022.

TransUnion. What is a credit score? TransUnion. Retrieved from What is a Credit Score & How is it Affected | TransUnion.