10 Simple Strategies to raise credit scores fast. Credit scores can change every time a creditor reports new information. What if you took control of the information being reported with these 10 Strategies.
A credit score is a 3-digit number based on your credit history. Credit scores summarize how well you handle debt. Credit scores also help lenders assess the risk they would be taking by extending you credit. Higher credit scores typically help you qualify for better rates from lenders – which can save you money!
When lenders pull your credit score what does it say about how you manage credit and debt and where does your credit score rank? Even if your score is in the low 500s, you may still be able to get credit, but it will come with very high interest rates or with specific conditions.
Authorized user credit is a proven strategy to improve credit scores but there can be drawbacks depending on the cardholder’s credit habits.
One quick way of improving credit scores is by using less of your available credit. FICO scoring system rewards consumers for not maxing out.