Adding positive information to your report Pay your bills on time. Payment history has the biggest impact on your score.
Keep balances low. Limit spending and pay more than the minimum amount.
Ask for a credit limit increase. Raising your credit limit reduces your credit utilization ratio. Use caution with this strategy. If you’ve maxed out your card or have trouble managing debt, this strategy likely won’t help. Additionally, a credit increase request could prompt a hard inquiry. Diversify your credit report. A variety of well-managed credit types demonstrates your ability to manage debt. Only apply for credit that you need. Multiple inquiries for the same type of loan may be counted as a single pull, but this doesn’t apply when seeking multiple types of credit, such as applying for a mortgage and a car loan in the same week.
Chapter 4: How to improve your credit score
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