1. Pay Bills on Time
One of the most important factors in determining a person’s credit score is their payment history. To improve their credit score quickly, individuals should make sure to pay all of their bills on time. This includes credit card payments, loan payments, and utility bills.
2. Lower Credit Card Balances
Another way to improve their credit score is to lower their credit card balances. High credit card balances can negatively impact their credit score, so individuals should try to keep their balances as low as possible.
3. Check Their Credit Report
It is important for individuals to regularly check their credit report to ensure that there are no errors or inaccuracies. If they find any errors, they should dispute them with the credit reporting agencies to have them corrected.
4. Avoid Opening Too Many New Accounts
When individuals open too many new credit accounts in a short period of time, it can have a negative impact on their credit score. To improve their credit score quickly, individuals should avoid opening too many new accounts.
5. Keep Old Accounts Open
Length of credit history is also an important factor in determining a person’s credit score. To improve their credit score, individuals should keep old accounts open, even if they are not actively using them.