Key Ways to Boost a Credit Score
#1: Make Every Payment on Time
#2: Avoid Applying for Too Much Credit
#3: Work to Pay Down What You Owe
- Don’t use your credit cards for purchases. Instead, use a cash system to pay for your bills and to make purchases over the next month.
- Apply extra payments to your account. For example, if you receive a tax return, bonus, or a gift from someone, use it to pay down your credit.
- Aim to double, at least, the minimum payment owed. You may need to create a budget to help you do so, but paying the minimum payment extends your debt for years.