How To Increase Credit Score Quickly
Get a head start on life and learn how to increase your credit score quickly. A credit score is one of the most important aspects in life. You would need to keep your credit score at the maximum level if you can. Luckily, there is a way to increase your credit score quickly. All it takes is great planning. Here is a way to increase your credit score quickly:
- Apply for a credit card. You would only need to apply for a credit card if you do not have one. If you have no credit, then it should be fairly easy to get one. If you have bad credit it is smart to apply for a secured credit card. A secured credit card is one where you pay your own money to be added on the credit card, but it is used like credit.
- Spend/withdraw half of your credit card balance and pay it right back. Go to an ATM and withdraw half of the credit card balance and send it right back to the credit card company through a payment transaction. This will quickly increase your credit score of up to sixty points. Also, it is okay to spend half of the balance on purchases as long as you have that same amount of money to send back to the credit card companies during your next payment date.
- Do not spend the rest of the balance. After you have withdrew half of your balance, do not bother to spend the other half. Always keep your credit card balance at fifty percent of your credit card limit to increase your credit score quickly. Creditors would look at it as if you can manage and handle your funds responsibly.