In today’s society, credit scores are one of the most impactful financial tools. While there was a time you only needed them for loan applications, the days have changed. You now need them for landlords and employers. In many cases, without a good credit score, you won’t have access to insurance, utilities, or housing.

If you don’t have an ideal credit score and are looking to change that, here are a few things you can do to boost it.

Develop a Credit File

The first step to building credit is developing a positive credit file, which you can do by opening a line of credit that gets reported to the major credit bureaus. By making monthly payments on time, you can keep your revolving utilization ratio under the 30% mark and demonstrate you’re on your best credit behavior. In turn, this can boost your credit score.

Top 5 Credit- Building Strategies for Positively Impacting Your Credit Score

Pay Your Bills On Time

The most important factor in your credit report is your payment history, which accounts for 35% of your overall score.

If you can’t pay your bills on time, then no credit-building method is going to work for you. Even one late payment can stay on your credit report for up to seven years, and absolutely torpedo your scores in the short term. Paying your bills on time will give you a long history of good payments, which will eventually help you achieve excellent credit.

Check Your Credit Report

It’s a good idea to check your credit report so that you know where you stand. Luckily, you can access your credit report once each year thanks to the Fair Credit Reporting Act. Make sure to carefully analyze your credit report to see if you find any errors or inaccurate information to dispute.

Dispute Errors On Your Credit Report

If you have negative items on your credit report, they can significantly lower your score. However, if you find negative items and contact the credit bureaus to let them know, you can get them erased. The credit bureaus will look at your dispute letter and investigate the claims. They have 30 days to respond.

Increase Your Credit Limit

While paying off your credit cards and any other revolving accounts you have may boost your credit score, having tons of available credit can also add points. You might want to look into increasing your credit limit on your various lines of credit so that you can decrease your credit utilization ratio.

One of the best times to do this is once you’ve built up a responsible credit history, or once you have a steady paying job.

Boost Your Score With Authorized User Tradelines

Here at Personal Tradelines, our goal is to help our clients find the right tradelines for their needs while providing them with all of the necessary knowledge and information so that they can make the best decision for themselves.

We can’t make any promises, as that is not how the business of tradelines works. However, we do have a successful track record and a company policy built on reliability that extends to each and every one of our customers.

If you are ready to start your journey to better credit, make sure to get in touch with us.