Many people ask, "How do I improve my credit score? Unfortunately, there is no quick way to fix a credit score. It takes time. There are many ways to improve your credit score, but beware of advice that provides a short-term, quick fix. The best advice for improving your credit score is to manage your existing credit responsibly over time.
4 Tips to Improve Your Credit Score
Make sure your payments are made on time each month. This is critical. Set up payment reminders or set up automatic payments from your checking account.
Do not take on any more credit obligations, unless absolutely necessary.
Check your credit report and make sure the information is accurate. You are looking to make sure that you do not have any late payments listed incorrectly, and that the balances of your accounts are correct. If you find errors, make sure you dispute them with the credit agencies.
Reduce the amount of debt you owe. Commit to paying down your credit obligations as quickly as you can. Make extra payments when you can. Consider using any bonus you receive, or even your tax return to pay down debt.
Want more information about improving your credit score? Check out this short video courtesy of KIMT News 3 featuring our Byron Branch Manager, Barb!