Quick Tricks to Increase Your Credit Score!

Why Not?

Are there really ways that you can raise you Credit Score quickly?

Yes, there are!  There are some tricks that will allow you to continue living the way you are and increase your credit score at the same time.  As long as you follow the rules and make no mistakes you will be able to increase your credit score and benefit from paying less for borrowing money.  What are the ticks, you ask?

Use only 30% or less of your credit card’s credit limit.

When you only use less than 30% of your credit card’s credit limit that is a positive to your credit.   Anything between 30 and 60% has a neutral effect on your credit score and anything above 60% has a negative effect on your credit score.  So if you need to increase your credit limit and continue holding the same monthly purchase amount, that is better than using more than 30% of your credit limit’s balance.

Pay off your credit card balances BEFORE the due date!

Paying off your credit card’s balance does several things, first, you escape paying any interest, which is a good thing.  As long as you pay your entire balance by the due date, NOT ON THE DUE DATE, you will escape paying any interest for that period.

Apply for all your credit all at once!

When you need to apply for credit, the credit inquires have an impact on your credit score, so if your are shopping for new credit, shop it all at once.  Credit Inquiries stay on your credit for 1 year, so it has an effect for a period of time, shorten the impact by applying for credit needs in advance, all at once!