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Ruined Credit Score? Here are 10 Ways to Raise It Fast

If you want to raise your credit score, know that you can’t accomplish it overnight. It would take at least 30 to 60 days to see some improvements, but you won’t see any change in it unless you do something about it. And you can start with getting your credit report and order one every quarter.

The following tips should give your credit score a quick boost:

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1. Spot errors and dispute them.

Go over your credit report carefully and find mistakes. Dispute these errors with Experian, Equifax, and TransUnion, as advised by Forbes.

2. Negotiate and point out previous good credit history.

Every time you miss paying your credit card bill or any debt, your credit score takes a hit. But for whatever reason you defaulted on your payment, you cannot ask the creditors to remove the late payments. What you can do, though, is to negotiate to have your debt labeled “paid as agreed” if you pay off the balance in full.

Another option is to bank on your good standing before you started paying late. Use that to negotiate to remove your nonpayment from your credit report.

3. Reduce credit utilization ratio.

The ideal credit utilization ratio for someone trying to raise their credits score is less than 30 percent. If your credit card bill reflects $500 when your limit is $1,000, the credit bureaus would think you’re way too extravagant. It would be better to use your cash in some of your transactions or consider raising your credit limits.

4. Get the latest credit limits in the report and raise it.

Check your credit report and what credit limits are reflected in it. The last thing you need is to appear as though you’ve maxed out your credit cards every month. If your limits are not current, ask your credit card issue to raise it. But be careful not to use the increased limits to justify more spending to avoid seemingly overusing your cards.

5. Apply for a credit card.

Getting a credit card is good for your credit score, as long you use it responsibly and pay your bill before or on the deadline. Show that you’re a responsible credit card user and the credit bureaus will see that through your credit payment history.

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