How to Raise Your Credit Score in 30 Days

admin | June 9, 2018 | 0 | Boost Your Net Worth

In today’s world, good credit can go a long way.

Whether you are looking for your next home, trying to secure a personal or business loan, or in some cases, even considering a new job, your credit can play a crucial role in securing your success.

If you are pursuing goals that rely on your financial history, it’s important that you have the best credit score possible. But, what if yours is less than desirable?

Until you are able to raise your score, your options may be limited.

Want to find out how to raise your credit score in 30 days? Then, this post is for you.

Read on to learn how to raise your credit score quick!

Here’s How to Raise Your Credit Score in 30 Days!

If you looking for the fastest way to improve poor credit, you’ll be relieved to know that it’s possible to raise your credit score in as little time as just 30 days.

But, if you want to raise your score quickly, it’s going to require some effort. Especially if you have encountered some financial issues over the last several years.

Still, it can be done. And, we’re here to show you how.

Steps You Should Take to Get a Better Credit Score by Next Month

Sometimes, it’s a series of unfortunate events that cause your credit score to dip. But, other times, a low FICO score can be attributed to a simple oversight. Either way, if you want to know how to raise your credit score in 30 days, we’ve got a solution for you.

Follow these recommendations for the fastest credit fix possible.

1. Find Out Your Score

The first thing that you should do is to get a current, accurate credit score from a reputable reporting agency.

By law, you’re entitled to one free credit report a year. If you haven’t received your annual report this year, go to AnnualCreditReport.com to claim your free report as soon as possible.

If you have not obtained a recent credit score, you may be in for a surprise. Be it pleasant, or not, knowing is better than not knowing.

Obtaining a current credit report will give you a starting point to direct your next steps. It’s critical that you have a realistic picture of what your credit score actually is so that you will know what those next steps should be.

2. Dispute Negative Information on Your Report

If your credit report contains negative misinformation, it could be impacting your score in a way that might harm your chances of financial success.

Review your report with a fine-toothed comb for any potential discrepancies.

Valid discrepancies may be more common than you think, so this shouldn’t be counted out without thoroughly revisiting the information reported by your creditors.

Research indicates that one in five Americans’ credit report contains an error that could be negatively impacting their credit file. The government refers to this as “potentially material error“, and, it could be creating a risk for you where there might otherwise not be a problem.

Luckily, filing a dispute with any of the major credit reporting agencies is not difficult. While your dispute is under review, the information in question will likely not impact your overall score. This can be an effective, legitimate way to boost your credit score in no time.

3. Pay Off Accounts With Small Balances

You may not be able to pay off major accounts that are causing your low score, but if you can pay off the balance of a few small, poorly-maintained accounts, this could help to raise your score substantially.

Go over your accounts and find any that may equal a few hundred dollars or less. If possible, pay these accounts off. The payments will show up fairly quickly and will probably give your score a boost by the time that the next payment would be due.

4. Raise Your Credit Limit

On accounts that are not negative, but appear to be running close along the lines of their limits, raising your credit line might help.

Your credit score somewhat depends on the ratio of your available credit to that which you have used.

If your credit cards are maxed out, or close to it, your score may be lower than if your limits were raised. Raising your limits would increase your available line of credit not currently in use.

Often, to get a creditor to up your limit, all that you need to do is call and make the request. Most lenders will increase your line of credit if you have not made prior requests and you have kept your account with them in good standing.

5. Become an Authorized User

If you have a close friend or family member that has maintained stellar credit, you could stand to gain from their diligence. But, they must agree to allow you to become an authorized user on one of their active accounts.

If you become an authorized user on an account that can positively impact your report, then your score should climb by at least a few points.

Find Out How to Boost Your Net Worth

If you want to know how to raise your credit score in 30 days, one fairly sure way to increase your credit score is to boost your overall net worth. If you can manage to do this by the time your next payday rolls around, you might be in luck.

Of course, your net worth isn’t a number that usually changes overnight. So, if you want to cause a significant change in your net worth, there are a few things that you should know.

Interested?

Check out our blog to get the scoop on how to boost your net worth now!