Improving Credit

Improving Credit

Steps to Improve Your Credit Score

  1. Pay Bills on Time

    • Payment history makes up ~35% of your score.

    • Set up reminders or automatic payments.

  2. Keep Credit Utilization Low

    • Ideally, use less than 30% of your available credit.

    • Example: If your limit is $5,000, keep balances under $1,500.

  3. Avoid Too Many Hard Inquiries

    • Limit new credit applications.

    • Each hard inquiry may temporarily reduce your score.

  4. Maintain Older Accounts

    • Length of credit history affects your score.

    • Keep long-standing accounts open, even if unused.

  5. Diversify Credit Types

    • A mix of credit cards, installment loans, and mortgages can help.

  6. Dispute Errors on Reports

    • Inaccuracies can hurt your score.

    • Use CreditVana’s credit report monitoring to catch issues early.

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