How To Boost Your Credit Score Quickly
Your credit score is based on your credit report. Your credit report contains information about your credit history going back to your first loan, although some things are dropped from your credit report over time. For example, a bankruptcy stays on your credit report for 10 years. Credit reports are meant to be long-term records, but there are still ways to improve your credit score.
One way how to boost your score quickly, contact your current creditors and see if they will increase your credit limit. Part of your credit score is based on how much of your overall available credit you are using. By increasing how much credit is available while maintaining the same balance, you reduce the percentage of credit being used. This will improve your credit score. Some major credit card companies even allow you to do it online.
Similarly, paying down your current credit balances will improve your credit score quickly. Like increasing your credit limit, reducing the balances on your accounts decreases the overall percentage of credit used.
If adjusting your credit limit isn’t enough, you can always try Experian Boost. Experian offers you the ability to add other payments to increase the amount of on-time payments you have. You can add things like phone bills, or even your electric bill. This only works on Experian, though.
Another way how to boost your credit score quickly is to ride your parents’ coattails by getting them, or another trusted person, to add you to their credit card account as an authorized user. Many financial institutions will report information to your credit report as well so some of those on-time payments will count for your credit score.
Revise your history by contacting any professional creditors you have like medical professionals and ask if they will take full, or even partial, payment in exchange for removing negative information from your credit report. They get paid, and you get a big minus erased from your credit like it never even existed.