Transform Credit Fast in Five Free Easy Steps

Step 4: Keep Old Accounts Open

The length of your credit history accounts for 15% of your credit score. Therefore, it's beneficial to keep older accounts open, even if they're not actively used. Closing old accounts can shorten your credit history and potentially lower your score. Instead, maintain these accounts to demonstrate a long-standing, responsible credit history⁴.

Step 5: Automate Your Payments

Late payments can severely impact your credit score. To avoid this, consider automating your bill payments. By setting up automatic payments, you ensure that your bills are paid on time, every time. This simple step helps build a positive payment history, which is the most significant factor in credit scoring, accounting for 35% of your score³.

Transforming your credit score doesn't happen overnight, but by following these five free steps, you can make significant progress. As you work towards a better credit score, remember that there are numerous resources and specialized services available to assist you in this journey. Whether you choose to browse options for credit monitoring or search options for financial advice, taking proactive steps today will pave the way for a more secure financial future.