If you truly want to improve your credit score, you’ll want to pay attention. It is no secret that several people are surviving on credit today. Our economy has seen the influx of credit cards and other credit offering methods.

But, for you to get credit in most offering institutions, you have to have a good credit score. A credit score is what determines just how much the lending institution can offer you.

If you have a poor score, you won’t get much in terms of credit. The higher your credit score, the better, especially when you either want to get a credit card or a loan from your bank. Here are some steps you should use to improve your credit score.

Improve Your Credit Score

Timely Credit Card Payments

How you make your credit card payments can affect your credit score positively or negatively. An inability to make timely payments of your credit cards will ensure that the creditors have little faith in you.

On the other hand, timely payments of your credit card can positively affect your score. At times, it can be hard to keep up with payments on time, so, you can sign up for auto payments. This will ensure that you don’t forget to make the payments on time.

Keep Your Paid Credit Accounts Open

It is quite reasonable for you to want to do away with a credit card after you’ve cleared payments for it. But, that isn’t the most advisable move if you want to improve your credit score. Keep the accounts open for future reference. For example, if you had two people borrowing from you and one had a history of repaying.

The other, while he/she says they can pay, they don’t have any documents to back it up. So, who would you trust? It’s simple: keep the accounts open so you can use them as proof to your next lender.

Review Your Credit Report

It is imperative to keep a close eye on your credit report, as mistakes do happen. When the said mistakes happen, they can negatively affect your credit score. Legally, late payments and other negative info can stay on your record for seven years.

The other reason to pay close attention to your credit report is so that you can report early in case of identity theft.

Regularly Use Credit

One of the best steps that you can use to grow your credit score is by periodically using credit. You may not like the idea, as you’re mostly on a budget. That’s why you might think you need to use cash, but it does nothing to improve your credit score.

A long history of credit usage will make your next lender have faith in you. But, use your credit responsibly.

Overpay Your Minimum Due

Like most people, you may be tempted to only pay the set amount by your lender on the payment day. But you should overpay. The amount is low because most of it goes to pay the interest that you incur on your credit.

By overpaying, you’ll be lowering your debt, and your minimum pay drops, as well. This will boost your credit score. Every little amount counts in this case.


Improving your credit score is the gateway to getting better credit next time. At every chance, you should use these steps to improve your credit score.