Ask the Expert: How to improve your credit score, and mistakes to avoid

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Understanding what credit agencies are looking for in a credit score is key.

Read full articleExperts agree the easiest way to improve your credit score is to stay on top of your bills.

“We've seen scores recover within three, six, 12 months, it really depends on the behaviour,” Matt Fabian, director of financial services research and consulting at TransUnion, said in a phone interview with“With good behaviour and following the rules and monitoring your credit, it's actually faster than most people think... It's not years and years and years, as long as you're consistently exhibiting positive credit behaviour.

“Ideally, your balance should be under 30 per cent of your available credit limit at any time,” she said.

 

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