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10 Guides On How To Raise Your Credit Score Fast



QUICK GUIDE: How raise your credit score fast

  • Once your bankruptcy or consumer proposal has been officially filed and sent to creditors, it’s time to rebuild your credit rating. There are strategies for success. Right off the bat, make your budget.
  • Then regain the trust of the lenders. To get there, take good financial habits. This means, among other things, making the payments you need to make on time and in full.
  • Another good tip is to start borrowing again. But not just any old way. In any case, if you show good behavior, your rating will go up.


1.  Make a budget

How to raise my credit score

Have you put your money problems behind you and are starting to consider taking out a new loan to finance a project? That’s great! But before you do anything, start with:

  • Draw up your budget
  • Identify the causes that led you to over-indebtedness to avoid falling back into the same traps

That way, you’ll get off on the right foot.

2.  Make your payments in full

Credit score range

If you are the type to pay the minimum of your credit card amounts , you have to do things differently to move your credit score up. Of course, paying the minimum amount is better than nothing. But if your goal is to improve your rating, you still need to pay your monthly balance in full and on time.


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3. Pay on time

Free credit score

Another way to improve your credit score is to pay your bills, cards, and lines of credit on time. That means paying BEFORE the deadline, not waiting until the same day.

This is true even with small amounts, as any delay has an impact. Also, be aware that the more late you pay and the higher the amounts, the more your rating will be affected.


A tip to increase your rating: start borrowing again

It’s good to start applying for loans again after bankruptcy or a consumer proposal. It will help you regain the trust of lenders. But don’t just do it anyhow.

Start with loans that are easier to repay such as:

  • Apply for a credit card with a security deposit. This means that the bank will ask you to make a deposit to secure your credit limit. This maximum limit will be $ 1,000.
  • A loan application that you will be able to repay within a fairly short period of time (less than 3 years).


4.  Don’t use all your credit

Credit Score Chart

Use less than 50% of your credit limit. For example, if you have a limit of $ 1,000 on your credit card, never use more than $ 500.


5.  Keep your old accounts open


It’s always good to have a long credit history. So if you don’t have to change banks, don’t do it for nothing. Keep long-standing accounts (card or line of credit) as long as possible. This will allow you to show lenders that you are capable of stability. And if your history shows that you are a good payer over the long term, it will be a positive for your rating! We also suggest that you have only one credit card and keep the oldest one!

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6.  Check your credit report

What is the Highest Credit Score


If you are applying for a loan, always ask to see your credit report first, to check for errors. Loan application or not, it is even recommended to check your file once a year.

To obtain it, simply complete the online form at or at . It will be mailed to you free of charge. If you find a problem, you can have it corrected.


7.  Have only one credit card

Free credit score check

Having multiple credit cards is generally not a good practice . For many people, that leads to too much debt. In addition, having several types of identical loans (such as several credit cards) is bad for your rating. So, whenever possible, stick to one credit card – the one you’ve had the longest.


8.  Vary your loans

Highest Credit Score

Try to vary your types of loans. A car loan, a credit card, a mortgage, these are all different types of loans. Obviously, there is always a risk of debt when you multiply the loans (see the next tip). But if you are able to handle several types of loans and make all the payments on time, it will give your lenders confidence.


9.  Avoid making too many loan requests

Making repeated requests for loans suggests that you are at risk of going into debt. And if you are denied these requests, it will be bad for your score.

So above all, avoid:

  • To apply for a line of credit just to see if it will be accepted
  • To accept a credit card for discounts or gifts
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Instead, make several requests at the same time to several institutions. If you make several requests in two weeks, it will only count as one consultation of your file.

For example, if you apply for a mortgage with three different banks in the same week, it will be considered as a single consultation of your file.

On the other hand, if you make the requests two months apart from each other, three consultations will be recorded, which is less good for your rating.


10.  Show your stability

Obviously, it’s not something you can always control, but creditors like to see their clients have a stable address and job. It reassures them about your ability to pay. As much as possible :

  • Stay at the same address
  • Have a stable job

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Experian Credit Score (Thing you don’t know about)



Experian Credit Score

Based on the information in your Experian Credit Report, your Experian Credit Score is a straightforward way of illustrating how lenders may regard you. The higher your credit score, the more likely you are to get approved for a credit card, a loan, or even a mortgage, all with favorable terms. You can view the information lenders use when conducting a credit check on your Experian Credit Report. Make out time to read this post I made on 10 Proven Ways To Raise Your Credit Score Fast. Checking your credit report will help you discover if the information on it is correct and understand what could be hurting your score if you have a low score or have potential to improve.

What exactly does an Experian credit score imply?

A credit score is a three-digit number calculated using a mathematical algorithm and information from one of your three credit reports, which are updated monthly. Credit ratings indicate your creditworthiness and assist lenders in determining the chances of you repaying a debt on time.

A consumer’s Experian credit score is a numeric assessment of his or her credit history, which includes current and historical loans and credit, as well as bank and financial institution inquiries. You can locate this three-digit credit score that represents the whole report on Experian CIR, in addition to all the other information. A higher score indicates that you are qualified for a new credit line and that lenders are more likely to trust you with their money. If payments are completed on time, a low credit score might be improved.

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What are the advantages?

Experian gathers all of your credit-related data and generates a report that banks and financial institutions can use to assess your creditworthiness. When customers obtain the report, they may determine their credit score and the amount of credit they can expect from lenders depending on their score. If their score is low, they can concentrate on improving it while deferring significant purchases until their score improves. Aside from that, buyers can check for faults and have them corrected before applying for financing. Unnecessary uncertainty on the part of the lenders can be avoided this way.

What is the frequency of updating the Experian CIR?

Each month, Experian will share consumer information with banks and financial organizations. Additionally, each institution discloses data on a different date. The Experian CIR is updated as soon as banks and financial institutions submit data to the database.

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How to Check My Credit Score (Best Ever way)



How to Check My Credit Score

How to Check My Credit Score

Ever browsed the headline “How to check my credit score? you are in the right post. Checking your credit score is an excellent approach to discover more about your financial situation and can help you determine whether you’ll be approved for a loan or credit card. In this blog post I will try and go through some of the most easy ways to check your credit score, and also the most compelling reasons why you need to check your credit score on a regular basis.

The following is a guide to checking your credit score, including some of the best ways and reasons to do so.

Follow these steps to check your credit score:

In addition to visiting the three major credit bureaus, consumers have a number of options for accessing their credit scores. Check your credit score and stay on top of your finances with these three methods.

1-    Credit Scoring Website for Free

Visiting a free credit scoring website is one of the best ways to check your credit score for free. The websites typically provide access to your credit report, score, and/or credit monitoring and are updated weekly or monthly. Basic updates to your credit score are free. However, some websites charge a monthly fee for more advanced services. Also endeavor to read this nice article I made on How To Skyrocket Your Credit Score. One of the most trusted website that provide accurate data about you credit score is FICO.COM. Fico is trusted by many users all aroud the world, and we suggest you make use of there services.

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2-    Consult your credit card provider

A number of credit card providers also offer free credit score checks to cardholders. In many cases, you can view your score history and see what factors led to recent changes with these tools.Customers may also predict how their credit scores will change based on factors such as on-time payments, credit limit hikes, and taking out a mortgage with some providers.

Be aware that most providers only offer this service to cardholders who opt-in, so make sure you sign up to access your credit score.

3-    Nonprofit Credit Counselors

Credit counseling is a service that assists consumers in paying off their debts. A credit counselor may provide money management advice, create a budget, work with creditors, help borrowers develop healthier financial habits, or help them come up with a plan to repay their debt.

While paid credit repair and debt settlement services can damage your credit score over time, nonprofit credit counseling is a safe and reliable way to improve your finances and understand your credit score.If you want to work with a credit counselor, go to the National Foundation for Credit Counseling to find a qualified service provider.

Checking your credit score yourself is treated as a soft credit inquiry that does not appear on your credit report. Therefore, checking your credit score doesn’t lower it. A credit score is calculated based on five major factors: payment history (35%), debt amount (30%), length of credit history (15%), amount of new credit (10%), and credit mix (10%). At least once a month, you should check your credit score.

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Thanks for reading our blog! Always discipline yourself to put the things you read into practice in order to experience growth in your financial life. Cheers your success!

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Fico Credit Score (Do You Wish to Check Yours? Read This)



Fico Credit Score

In today’s post, I will talk about Fico Credit Score.

A credit score called a FICO score (FICO) was developed by Fair Isaac Corporation. Lenders assess credit risk and decide whether or not to offer credit based on borrowers’ FICO scores and other information on their credit reports.

Also make time to read this post I made on Working Ways To Raise Your Score Fast. Payment history, the current amount of indebtedness, categories of credit used, length of credit history, and new credit accounts are all factors that FICO scores consider when determining trustworthiness.

It is know by many that FICO credit scores are a way of calculating and assessing a person’s creditworthiness.

Scores vary from 300 to 850, with scores between 670 and 739 indicating a “good” credit history.

The FICO scoring technique is revised on a regular basis, with the most recent version, FICO Score 10 Suite, being released on January 23, 2020.

Is Fico the best in the game?

FICO Scores, like other credit risk scores, forecast the possibility of falling 90 days behind on a debt during the next 24 months. FICO accomplishes this by employing complicated algorithms based on data from each of the three national credit bureaus: Experian, TransUnion, and Equifax.

FICO includes a number of industry-specific variants, notably for mortgages and auto financing, in addition to its standard scores (FICO Score 8 and FICO Score 9). While FICO Score 8 is still the most generally used version, FICO Car Scores are used in the majority of auto lending cases, while FICO Scores 2, 4, and 5 are typically used in mortgage lending.

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Here’s what goes into your FICO score.

Fico Credit Score



Range of FICO credit scores

These scores are based on a consumer’s likelihood of repaying debt and how risky he is to lenders and range from 300 to 850. They include:

  • Poor (580 or less)
  • Fair (580-669)
  • Good (670-739)
  • Very Good (740-799)
  • Exceptional (800-850)

Other sorts of ratings created by FICO are based in part or totally on your credit records. FICO, for example, provides credit-based insurance and bankruptcy scores that attempt to forecast the likelihood of filing an insurance claim or declaring bankruptcy.

Here’s how to check your FICO score

By knowing your FICO Score, you can better manage your finances and prepare yourself for the loan or credit card application process. Credit scores can be checked in a variety of ways. Review your credit card statements and the website of your credit card provider. Some issuers offer free FICO scores each month, while others even provide the service to non-cardholders.

The FICO website allows you to select from three different monthly plans that provide credit scores, credit reports, identity monitoring, and other services.

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