Improving Your Credit Score With a Credit Card
Using a credit card responsibly is one of the easiest ways to increase your credit score. If you make on time payments, keep your balances low, and don’t overspend, you’ll be on your way to improving your credit score in no time.
How can I get 700 credit score in 6 months?
The most important factor in the FICO score is your payment history. You can use your calendar to keep track of when you’re due to make a payment. Make sure you call the creditor right away if you miss a payment.
Another key part of your credit score is your utilization ratio. The ideal scenario is to have your balances below 30 percent of your available credit. In fact, a high ratio could hurt your score. Link : thimbl.com
One of the best ways to keep your balances low is to pay them off before the billing cycle begins. It’s also a good idea to set up a due-date alert to let you know when your balance reaches a certain amount.
It’s also a good idea to get an authorized user. An authorized user is someone you give access to your credit card without having to give them your account number. Having an authorized user is a great way to establish a strong credit history for yourself.
Another quick and easy way to increase your credit score is to increase your credit limit. Most credit card companies allow you to raise your limit online or by calling. They’ll usually be able to do this in a matter of minutes.