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3 Simple Techniques To Boost Your Credit Score Within A Year

A low credit score can impact your life in many ways, making it difficult to rent an apartment, get a new car, or sign up for a new credit card. If you have a low credit score, it could be possible to boost it with just a few simple techniques.

Pay your credit card balance regularly

If you’re only paying your credit card bill when it comes due every month, it could be affecting your score. You should always pay off your balance before the billing cycle ends. It can also help to make several payments each month to keep your credit utilization low. Try to keep a balance of less than 30% of your card limit, or even 7% if you can.

Become an authorized user

If you have a friend or family member who has a credit card with a high limit and a good history of paying on time, you might consider asking them to become an authorized user on the card. The high limit on this card will help your overall credit utilization go down. Your loved one doesn’t even have to give you a copy of the card or the credit card number in order to do this.

Pay bills on time

This one might seem a little obvious, but it’s absolutely imperative to pay your bills on time if you’re trying to improve your credit score. Late bill payments can stay on your report for 7½ years! If you have overdue bills, address this with the company right away. If you miss a payment by only a few days and have a long history of paying on time, you might even be able to get the company to remove the late payment from your report.

Boosting your credit score is one of the best things you can do to improve your financial situation. If you take charge, you could see considerable results in less than a year!

This article was written by the team at Fire The Boss – passionately sharing financial tips and the secrets to side-hustle success.

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