If a loan or lower interest rate offer requires you to have a higher credit score than you currently have, you can easily add do your credit score without any delays. However, the process will mostly depend on which factor is holding your account down. By following the steps mentioned in this article, you can add as many as 100 points quickly to your account.
Here are some of the easy ways of building credit really fast.
Always Pay on Time
Paying Your loans late can prove to be detrimental for your credit account as it directly impacts your credit score in the long run. Your history of payments account for as much as 35% of your overall credit score, so, always try to pay on time. Keep in mind that a delayed payment, can stay on your account for over seven years.
If you have missed some payments by over a month, you can ask your creditor to stop reporting the delay, and can ask them to re-schedule the repayment. You can check these season trade lines reference before buying them.
Make More Payments Within a Month
Instead of making one large payment at the end of every month, you should try and make various small payments throughout the month. Doing this will help keep your credit balance down, and can definitely help improve your credit scores in the long run.
Doing this basically gives your credit utilization down for as long as possible. This has a direct impact on your credit scores.
Increase Your Credit Limit
If you have a higher credit limit while making the same purchases every month and keeping your credit utilization low, you can definitely improve your credit score in the long run. That’s because you will be borrowing less money then you are allowed to.