How to Raise Credit Scores Instantlly

After every billing statement, the credit card companies send a report to the credit bureaus detailing information about you. This information can be good---you paid your bills, you have low debt and you are not late. Or this information can be bad---you are late, you have a lot of debt and you don't pay fees. This can be dangerous for your credit score. To raise your credit score quickly, you need to apply a series of steps that make you look more appealing as a borrower.

Instructions

1

Request a copy of your credit report from the three different bureaus. Before you can try and raise the score, you need to have a copy of it in hand.

2

Pay down your credit cards first. Mortgages and loans are typical for people and therefore, creditors understand that you're probably going to have one. But, a high balance on a credit card is not normal. Therefore, pay those down first. Getting a credit card under 30 percent of the limit will boost your score.

3

Use your credit card up to the 30 percent marker. It is acceptable to go up to 50 percent, but spending only 30 percent is best. However, it is important to use the card. This way, you are still showing creditors that you are a good customer.

4

Call up creditors and dispute anything that looks wrong on the credit report. If a late fee is there that shouldn't be, get rid of it. If the limit they have listed is lower than what it actually is, get rid of it. The higher the limit, the higher 30 percent is.

5

Use an old credit card every once in a while. Sometimes people think that by getting rid of a credit card, they're building up their credit. This simply isn't the case. The credit score takes age of the card into consideration. The older the card, the stronger it is for your credit. So, use an old card every once in a while even if it is a higher interest one. This way, you are building good credit.