It’s one of the most dreaded feelings in the world. You go to buy a new car or a phone and find out that your credit score simply isn’t good enough. However, there is no reason to fret as there are a whole host of ways that you can improve your credit score. Read on now for five brilliant methods for improving your credit score in no time at all.

 

Take Out a Personal Loan

 

When you have limited credit, it might seem counterintuitive to take out a personal loan. After all, if you miss payments, this can affect your score. If you know you’re good for the money however, personal loans, like the ones offered by OneMain Financial, can actually help build your credit when you make your payments on time. This is because it shows that you are a trustworthy person.

 

Pay Your Credit Payments on Time

 

One way to really negatively affect your credit score is having a credit card but not being able to pay it off each month. If you find that you are having this problem, the first solution is not to use the credit card at all. Then when you have enough money, you can start cautiously using the credit card again, but this time, making sure that you always pay off any payments at the end of each month. This will slowly improve your credit score over time. Remember that the amount you make has no effect whatsoever on your score, only how much you spend or fail to pay back.

Check If It’s a Joint Score

 

You might not realize that your credit score is actually connected to someone else’s if you’re married. It’s worth having a deep look at the credit score of your partner and trying to disconnect yourself from them if their score is too low, as it could be negatively affecting yours in the process. Likewise, if your partner has a good credit score, perhaps it might make sense for you to join forces with them.

Keep Credit Use Low

 

Credit score companies check how much of the available credit given to users is used. This means that if you are given $2,000 dollars a month, it looks pretty bad if you constantly use 90-100% of it. Try and aim to only spend around $500 a month, as this will signal to the credit score companies that you are somebody who can be trusted with their money and therefore will be able to handle larger amounts in a far more mature manner.

 

Pay Your Bills on Time

 

Whether it is utilities, Wi-Fi, or using a mobile phone, all of these items contribute to your credit score. It is imperative that you pay all of these payments off in a regular manner to build up your credit score. If your partner’s name is on any of the utilities, make sure that you put your name there also, especially if you are contributing, as this is a sure-fire way to signal to the credit companies that you are also helping to pay for bills.

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Over 50 and fabulous living and writing in Appalachia

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