Simple Tips for Increasing Your Credit Score
Written by Stuart Hunter

Drive-through windows, express shipping, and quick fixes; in our society of impatience, we want things to happen quickly. The same mentality is common when it comes to increasing our credit scores. We all know it's important to have as high a score as possible and that when practiced over a long enough time period, a dedication to using credit responsibly will cause your credit score to rise. But what if you want results sooner than that? If you're searching for a simple way you may be able to increase your credit score by a few points, here are 3 tricks of the trade:

1. Make payments on your credit cards just before the reporting date to show lower balances. To find out the best date to make the payment, your credit report should show when your creditors are sending updates to the credit bureaus. Make it a point to make your credit card payments 3 to 5 days before when the accounts get reported. Your reports will then show the lower outstanding balance, instead of the higher balance, giving your credit score a little boost.


2. Use old cards every once in a while. have a few older cards that were used only once or twice when purchasing that new electronics equipment, or a department store card you opened to get 20 percent off your purchase. Pull those cards out now and then and use them for small purchases you can easily pay off the next month. These old accounts will show activity again and that will help out your credit score.


3. Available credit is good, so keep your utilization ratios at about 30 or less across all of your cards. For example, if your credit limit is $20,000, keep the balance at or below $6,500. Furthermore, ; same total outstanding balance, but better score. Although it seems like it shouldn't matter, you will need to learn to play the game to achieve the best score.

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About The Author:

For over 18 years, Lexington Law, the trusted leader in credit repair, has been helping clients take action on their credit. For more information about Lexington Law or about your credit score, visit LexingtonLaw.com