Your credit score speaks for you before you apply for a home loan, finance a car, or even sign a cellphone contract. If you typed “fix my credit score” into search, you’re in the right place, these seven easy steps are simple to start and, followed consistently, lead to steady improvement.
Why it matters
A better score unlocks better deals and lower interest. Lenders like banks see you as lower risk, which helps you get credit approved faster and at cheaper rates, saving you money over the life of a loan.
Good credit matters beyond loans too: landlords are more likely to rent to you, insurers may offer better terms, and cellphone providers often check your profile before offering a contract. In short, a stronger credit score keeps you connected and opens more options. Start with one step today, check your score and pick one practical action. Finance365 makes each step simple and useful.
7 steps to boost your credit score
1. Check your report and fix errors
Start with your free Finance365 credit score and report. Spot any mistakes or outdated info in your report and don’t put off disputing them with credit bureaus. It’s your right to have an accurate record.
2. Pay on time, every time
Payment history is the biggest factor in your score. Late payments hurt more than you think. Set up reminders or debit orders to make sure every future payment, whether to a bank, insurer or shop, goes off on time.
3. Keep old accounts open
Even with zero balances, long-standing accounts with a good track record add stability to your profile. They help show you’ve manageddit
How much of your credit limit you use makes a difference to your score. Aim to keep your account balances under 10%, especially on high-interest debts like credit cards. Paying these down first can give your score a quick lift.
5. Go easy on new applications
Every credit application leaves a message about how you handle your money for future credit providers. Apply for credit only when you really need to as too many applications in a short time make you look risky.
6. Talk to your lenders if you’re struggling
If you’re feeling weighed down by any of your accounts, speak to the bank or company that gave you credit about it or reach out to the likes of National Debt Counsellors for advice. You can also find out more about the process of debt review from our finance team here.
7. Stay patient and consistent
While there’s no overnight fix when it comes to your credit score, the fact is small actions can have a big effect on making your first financial impression great. What’s more is by taking these 7 simple steps, you’ll have your say in what your score is telling future credit providers.
Make tracking your credit score and report part of your routine and remember, with our unlimited free credit checks, you can do this without hurting your score.
