Your credit score will control almost everything you do for much of your life.
When you want to relocate, it will control the house you can purchase. If you need a new car, it can end up determining how high your payments will be.
Whenever these things happen, it’s good to know that there are a few ways that you can raise your credit score instantly. Below you will find a few steps you can take to raise your credit score instantly.
SIGN UP FOR A CREDIT SCORE SITE
To see what your credit score looks like, sign up for a site that will allow you to view your credit score for free without effecting it. One of the most popular credit report sites is CreditKarma.com. You can even download an app and check your credit score and the things that impact it whenever you’d like.
If you don’t want to use a credit score site, you are legally entitled to at least one free credit report each year. You can request a report from TransUnion, Experian, or Equifax for free.
CHECK TO SEE IF YOU NEED TO DISPUTE ANYTHING
If you haven’t taken a hard look at your credit report, take some time to compare it to your files. You may find that there are a few discrepancies, either because a company performed a hard credit inquiry report on you without your permission, or a company you’ve settled your account with is still listed on your report’s open account section.
You can dispute a credit report claim and ask that it be reviewed fully so that you can get a near instant credit score boost when the account or false hard inquiry report is removed from your account.
PAY OFF YOUR DEBTS
Whether you’ve gotten slack on paying your credit card bills, or if a bill went to collections because you weren’t paying it, you need to pay of your debts to see a near instant improvement.
Even if you can’t full pay off your debt, even taking some of the bill total off of your account can prove to be beneficial for your credit score.
Get on a payment schedule, if possible, with your lender. You can also set up reminders in your phone so you know when to pay your bill, or you can have your payment total auto debit from your account whenever it is do. Whatever you can do to quickly pay off your debt without acquiring more of it will help a great deal in raising your credit score.
ASK FOR A CREDIT LIMIT INCREASE
Owing $400 on a $400 credit limit looks way worse than owing $400 on a $1,000 credit limit. You can call your creditor and ask them to increase your credit limit. This will cut your credit utilization rate down and make it seem to others that you are more reliable at making your payments and using only what you need.