(MoneyHippo.com) – Having a good credit score means you will get the best rate when borrowing money from a bank, give you the best chance at renting the house you want, and even land you a job you desire. If you have a low credit score and want to boost it, we have some simple suggestions that could take as little as 30 days to start showing results. Here are three easy ways to start boosting your score right away.
First, pay down any credit card balances. You want to carry less than 30% of your limit on each card. Not only will paying on time give your credit score a boost, but the low credit utilization compared to the limit amount will also increase your score.
Second, pull your credit reports from the three main credit bureaus: Experian, TransUnion, and Equifax. Anyone can pull their credit reports for free once every 12 months without affecting their credit score. Examine the reports, note any discrepancies, and dispute anything that doesn’t belong there. Cleaning up your credit report and getting rid of negative items can boost your score.
Third and last, Experian can help you increase your score by linking your bank accounts to its Boost program. The service will look at on-time payments to utility and phone bills and use that to give your credit score a boost.
By incorporating these three techniques and paying your bills on time, you can quickly raise your credit score.
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