Jeremy Asks… I want to improve my credit score quickly, is there anything I can do to boost my score?

Despite the fact that raising your credit score is often times a slow and steady process, there are in fact a few things you can do to give your score that extra boost with just a few easy tweaks to your current habits. A few ideas are listed below to make a quick impact.

  • Automatic Bill Payments: The most important thing you can do to quickly improve your credit score is to pay your bills on time. An easy way to make sure that this done on a month to month basis is to set up automatic billing for at least the minimum amount due on each bill  – pay more if possible.
  • Pay Off Your Debt : If you have a large amount of debt looming over your head and are able to pay a good portion of this debt off in one extra payment this will help increase your credit score rapidly. A ratio of 50% or less on your balance to limit ratio will make a big impact quickly. One way to raise some cash is to use some of your vacation savings, sell that extra car, have a garage sale, collect on some personal loans and you should be able to make a dent in your debt quickly.
  • Raise Your Credit Card Limit: If you are unable to pay the bills to the 50% ratio as mentioned above – ask the creditor for a limit increase… If you are in a financial situation that allows you to pay your bills on time and have an income that would allow you to support a higher credit limit, then call your credit card company to get your limit raised. This will help increase the amount of available credit which should increase your score.
  • Don’t Sign Up For Multiple Credit Cards: Whenever you take on new credit your credit score will be impacted, so next time you are shopping at a department store and the cashier asks you if you’d like to sign up for their credit card to save an extra %15, just say NO – it won’t be worth the extra interest rate increase on the card for a lower credit score.


Meet Cheryl!

About Cheryl

As a successful business owner and community leader, Cheryl Braunschweiger is known and respected for getting things done with a degree of skill and enthusiasm that bring out the best in those around her - colleagues, clients and friends. The name of her business, ALMC Mortgage, reflects Cheryl's philosophy and personality. She says it stands for All Loans Must Close –a reflection of her determination to do whatever it takes to serve her clients. Cheryl has been in the mortgage lending business for 20 years. Read More About Cheryl
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