5 Ways to Improve Your Credit Score
Your credit score plays a crucial role in your financial life, affecting everything from loan approvals to interest rates and even rental applications. If your score isn’t where you want it to be, don’t worry—there are actionable steps you can take to improve it over time. Here are five strategies to help boost your credit score:
1. Pay Your Bills on Time
Payment history makes up 35% of your credit score, making it the most important factor. Late or missed payments can have a significant negative impact, so set up autopay or calendar reminders to ensure you never miss a due date.
2. Lower Your Credit Utilization Ratio
Credit utilization refers to how much of your available credit you’re using. Keeping your credit utilization below 30% is ideal, but the lower, the better. You can lower your ratio by paying down balances, increasing your credit limit, or spreading out your spending across multiple cards.
3. Don’t Close Old Accounts
The length of your credit history also plays a role in your score. Even if you no longer use a credit card, keeping it open (especially if it has no annual fee) can help maintain your credit age and overall credit limit, which benefits your score.
4. Dispute Any Errors on Your Credit Report
Mistakes on your credit report can unfairly lower your score. Check your report regularly through annualcreditreport.com and dispute any inaccuracies with the credit bureaus to ensure your score reflects accurate information.
5. Use a Credit-Boosting Service
If you need extra help improving your credit, consider using a service like Dovly AI. Dovly helps dispute inaccurate items on your credit report and optimize your credit profile, with many users seeing an average increase of 34 points. The best part? They offer a free tier to help you get started.
Improving your credit score takes time, but with consistency and the right strategies, you’ll see progress. If you’ve made a credit mistake in the past, don’t stress—focus on what you can control moving forward.
Ready to take control of your credit? Sign up for Dovly AI today and start working toward a better credit score!