Want to raise your credit score?
Look, I totally get it! You probably have some big goals in life. Maybe you want to own the home you’ve always dreamed of. Maybe you want to invest in real estate. Whatever the case, having a good credit score will likely help you along the way.
To be completely honest, raising your credit score will take time and effort. You know those ads you see for people who will raise your credit score quickly if you pay them money? Yeah, don’t do that friend. Instead, you’ll be raising your credit score the right way. Over time and positive changes in your finances, your credit score improves will Go up!
I’m sharing 6 steps you can take to raise your credit score. Slowly but surely, your score will increase. Just be patient and remember that this process takes time.
1. Check your credit report for any errors.
If you haven’t pulled your credit report recently, you’ll want to do so as soon as possible! Your credit report will provide you with a record of the accounts you still have open and closed, and which accounts have been sent to collections. When you scan your credit report, make sure everything listed is correct.
If anyone has opened a credit card or loan in your name, you’ll be able to see them listed here. You’ll need to dispute any incorrect charges so your credit score doesn’t suffer. You can easily check your credit report using Credit Karma. It will also keep you up to date on your credit score!
2. Get an update on your invoices.
If you’re behind on any of your bills, you’ll want to make it a priority to catch up! Keeping all of your bills up to date is important and shows that you are responsible with your money. To keep on top of all your bills, make minimum payments on everything else and pay off your overdue bills as quickly as possible.
If you’re stuck in a paycheck-to-paycheck cycle, it may be time to make changes to your finances! Read about how to pay off debt while living paycheck to paycheck here.
Earning extra income is an excellent way to help you pay any bills you may be behind on. Now might be a good time to do a side quest for a few months. Find something that works for you, even if you only do it part-time. You won’t regret putting in the extra work to keep all your invoices up to date.
3. Pay your bills on time.
Late payments and missed payments can lower your credit score. To prevent this from happening, make sure you pay your bills on time each month. Keeping your finances organized is key when it comes to paying your bills on time. And let’s be honest…just the thought of trying to get organized can be overwhelming! That’s why I created my own budget planner!
It has everything you need to start your own budget portfolio. Best of all, you can print this as often as you want and use it every year! Check out my budget planner here.
4. Stay under your credit limit.
While my friend and her husband were working to pay off their credit cards, he was thrilled every time he looked at their account. “Oh! Now we have a bigger amount to spend!” It was as if he couldn’t wait to max out the credit card again. However, the limit for that card is NB Going to raise your credit score!
Instead, stay under your credit limit. If you have a credit card limit of $5,000, don’t spend the full $5,000. If you’re not in a position to pay off all your credit cards yet, see #6!
5. Get a credit card and pay it off every month.
One way to raise your credit score is to make consistent payments on your credit card each month. If you don’t have a credit card, your credit score won’t improve much. Instead, get a small credit card and only charge one or two things each month. Then, pay it off entirely Per month. Making these payments will help raise your credit score!
6. Pay off debt!
it’s the truth! The more you pay off debt, the higher your credit score will be! I want you to take a moment to imagine what your life could be like without a car payment. Think of life without credit card payments or medical bills hanging over your head. Total the amount of money you send toward debt each month. Now imagine what you could do with that money instead! I want you to say it out loud. Will you dedicate it to your children’s college? Will you save it for retirement? Maybe you want to take that trip you’ve been dreaming of for years.
When you are debt-free, doors open that you never thought possible. You have more choices about what you can do. I know that paying off debt may seem impossible. I get it. I’ve been there, my friend! You may feel like you are standing at the bottom of a mountain and you don’t even know it How on earth? To climb the dang thing!
But this is where I can help! I was there. I climbed that mountain. I can show you the way. In fact, I’ve written several blog posts that can help!
You got this!
You can raise your credit score with time and effort. Plus, all these tips will help you handle your money better! But here’s the thing, I know budgeting and handling your money can be stressful. I was there! I sat at that kitchen table with my head in my hands as tears ran down my face. In fact, I’ve told my husband that I wish we had done things differently. I also learned how to organize my finances and pay off debt.
I’m here to teach you how to budget, save money, and pay off debt. Register for my account Free budgeting basics email course For lessons on how to make this budget thing work. I’ll also send you tons of free printables and resources to help you succeed! Sign up below!