Living with a low credit scores can negatively impact all aspects of your life. A healthy credit score gives you more access to loans for your life’s needs. Additionally, you’ll qualify for lower interest rates so you’ll be able to pay your loans off faster. If you’re struggling with a low credit score, here’s some good news: you can improve your credit score in as little as 30 days! If you’re looking to boost your credit score as soon as possible, these simple steps will help you improve your credit score in 30 days.
Know Your Credit Score
Make sure you know your credit score. If you know your credit score, you’ll have a better idea of where you are and where your credit needs to go. You can find out your credit score by requesting a free credit report online. Often, banks give you access to your credit score for free as well. After you know your score, you’ll want to know whether it’s good or bad. Check out our article for a breakdown of good and bad credit scores.
Pay Off Credit Card Balances
This may seem simple, but it’s the most straightforward way to improve your credit score. Work to pay off your credit card balances so you can begin with a clean slate. Start with your smallest balance. Once you’ve paid that one off, tackle the next smallest balance. This technique will help you chip away at your debt and see results with each card you pay off. Be sure to keep your account open after you pay off the card. Having credit accounts with balances of zero helps lower your credit utilization ratio, a factor in your credit score.
Dispute Account Information
Negative account information can fester on your credit report and affect your financial opportunities. Fighting negative credit information is a quick way to help get your credit score back on track. Credit bureaus will typically take about 30 days to investigate your individual case. If they cannot verify the validity of the item, they will delete it from your profile. Getting negative marks off of your credit report will give your credit score an instant boost.
Become An Authorized User
Authorized users are people whose names are added to an already-existing credit card account. Though authorized users are not the primary account holder, they can get a card and utilize the account if needed. If the account defaults, however, authorized users are held liable along with the primary account holder.
Being an authorized user on an account with a solid payment history can boost your credit score. You get to reap the benefits of the primary account holder’s good credit. Make sure the account you’re added onto is in good standing. Becoming an authorized user on strong credit accounts can greatly improve your credit score and help you build positive credit.
Negotiate With Creditors
If you believe you have a strong argument, feel free to negotiate with creditors. Some creditors may be moved to accept a partial payment for your debt. They may make a counter offer, which may still be better than paying the full amount you owe. Make sure to get the agreement you settle on with the creditor down on paper. Wait until you have the official agreement in writing before you make any payments.
These are just a few easy steps you can take to improve your credit in 30 days. But, this is just the beginning. Building strong credit takes more than just 30 days. It’s a process that requires consistency and intentionality. A credit repair company can help make this process much quicker.
Credit repair companies can help you clean up your credit report. USA Credit Repair has legal advisors and credit specialist ready to help you remove collections, late payments, charge offs, liens, bankruptcies, judgments, repossessions and foreclosures from your credit report. Take a step forward and invest in your financial future.
Contact USA Credit Repair today for a consultation and credit advice from a specialist today.