5 Ways To Boost Your Credit Score

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5 ways to boost your credit score:

If you’re flunking your credit report, you’ll pay a higher interest rate on your credit card. It’s basically supposed to tell people who are looking at it—like a lender—how trustworthy you are, or how likely you are to pay them back. So, here are five ways to boost your credit score.Not to sound patronizing, but it’s worth repeating: pay your bills on time. Annnnd one more time: pay your bills on time. It’s the best way to get your score up where you want it.

. Because my credit history wasn’t as strong as it could have been, getting a mortgage was a challenge. It’s not fair. It’s just the way it is.Keep the balance at no more than about 20% of your limit. So if your limit is $5,000, don’t spend more than $1,000. A big factor in determining your credit score is the ratio between what you are borrowing and your access to credit.

 

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