Achieve Top Credit Status Fast Use These Secret Strategies
Pay Down High Credit Card Balances
One of the fastest ways to boost your credit score is by reducing your credit card balances. Your credit utilization ratio, which is the percentage of your total credit limit you're using, plays a significant role in your score. Aim to keep this ratio below 30%2. Paying down balances not only improves your score but also saves you money on interest payments.
Dispute Inaccuracies on Your Credit Report
Errors on your credit report can unfairly lower your score. According to a study by the Federal Trade Commission, one in five consumers has an error on at least one of their credit reports3. Regularly review your credit reports for inaccuracies and dispute any errors you find. This can result in a quick score increase once the errors are corrected.