Your credit score directly impacts loan approvals and interest rates. Here’s how to raise it:
1. Check Your Credit Report
- Request free annual reports from Equifax, Experian, and TransUnion.
- Dispute errors that may lower your score.
2. Pay Bills on Time
- Payment history makes up 35% of your credit score.
- Set reminders or autopay to avoid missed payments.
3. Reduce Credit Utilization
- Keep balances under 30% of your total credit limit.
- Pay off high-interest cards first.
4. Avoid New Hard Inquiries
- Too many credit applications can lower your score temporarily.
5. Be Patient
- Credit improvements take time—consistency matters.