3 Actions That Could Help You Boost Your Credit Score
Summary
Consider these three effective strategies to enhance your credit score: Request a Credit Limit Increase: Contact your credit card issuer to ask for a higher credit limit. This action can lower your credit utilization ratio—the percentage of available credit you use—positively impacting your credit score. Make Significant Payments Toward Credit Card Debt: Reducing your outstanding balances decreases your credit utilization ratio, improving your credit score. Prioritize paying down high-interest debts to maximize benefits. Dispute Errors on Your Credit Report: Regularly review your credit reports for inaccuracies. If you find errors, promptly dispute them with the credit bureaus to ensure your credit profile reflects accurate information, which can lead to a higher credit score. Implementing these steps can lead to a noticeable improvement in your credit score within a short period.
The Motley Fool
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