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10 Proven Strategies to Boost Your Credit Score Today

A high credit score is crucial for securing loans, getting favorable interest rates, and renting an apartment. Whether starting from scratch or looking to improve an existing score, these 10 proven strategies can help you boost your credit score today.

1. Check Your Credit Report Regularly

Review for Errors: Start by obtaining your free annual credit reports from the three major credit bureaus (Equifax, Experian, and TransUnion) at AnnualCreditReport.com. Carefully review each report for inaccuracies or signs of fraudulent activity.
Dispute Inaccuracies: If you find errors, such as incorrect account information or unauthorized credit inquiries, dispute them with the respective credit bureau. Correcting these errors can quickly improve your score.

2. Pay Your Bills on Time

On-Time Payments: Your payment history is the most significant factor in your credit score, accounting for 35% of the total. Set up automatic payments or reminders to ensure you get all the due dates.
Prioritize Payments: If you’re struggling with multiple bills, prioritize payments to credit accounts (credit cards, loans), as missed payments on these accounts have a more significant impact on your credit score.

3. Reduce Credit Card Balances

Credit Utilization Rate: Aim to keep your credit utilization below 30% of your total credit limit. For example, if your credit limit is $10,000, keep your balance under $3,000.
Pay Off Debt: Lower existing credit card balances to lower your utilization rate. This can have a substantial positive effect on your credit score.

4. Become an Authorized User

Authorized User Status: Ask a family member or friend with good credit to add you as an authorized user on their credit card. Their positive payment history will be added to your credit report, which can boost your score.
Monitor Carefully: Ensure the primary cardholder maintains good credit habits, as their negative actions can also affect your score.

5. Increase Your Credit Limit

Request a Higher Limit: Contact your credit card issuer to request an increase in your credit limit. A higher limit with the same balance lowers your credit utilization rate.
Maintain Low Balances: Avoid increasing your spending because your credit limit has increased. Keep balances low to improve your score.

6. Diversify Your Credit Mix

Variety of Credit: A mix of credit types, such as credit cards, installment loans, and retail accounts, can positively impact your credit score. Lenders like to see that you can manage different types of credit responsibly.
Responsible Management: Only open new credit accounts if necessary and ensure you can manage them responsibly without missing payments.

7. Keep Old Accounts Open

Account Age: The length of your credit history affects your score. Keeping older accounts open can benefit you by extending the average age of your accounts.
Use Occasionally: Make small purchases with older cards and pay them off to keep the accounts active, contributing to your credit score.

8. Limit New Credit Applications

Minimize Hard Inquiries: Each application for new credit results in a hard inquiry on your credit report, which can lower your score. Limit new credit applications to only when necessary.
Plan Strategically: Space out your credit applications over time to minimize the impact on your credit score.

9. Settle Outstanding Debts

Debt Settlement: Work on paying off any outstanding debts, especially those that have gone to collections. Settling debts, even for less than the full amount, can improve your credit score.

10. Use a Secured Credit Card

Build Credit: If you have a low credit score or no credit history, consider using a secured credit card. It requires a cash deposit as collateral and can help you build credit responsibly.
Pay in Full: Make small purchases and pay off the monthly balance to establish a positive payment history, which will be reported to the credit bureaus.


Boosting your credit score doesn’t happen overnight, but following these 10 proven strategies can make significant improvements over time. Regularly monitor your credit report, make timely payments, manage your credit utilization, and use credit responsibly. By taking these steps, you’ll be well on your way to achieving and maintaining a high credit score, opening doors to better financial opportunities and stability.