Top Tips For Boosting Your Credit Score Fast | Refresh Financial
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Top Tips For Boosting Your Credit Score Fast

Tips For Boosting Your Credit Score

When it comes to building your credit score, most people seem to think that it's always a long, daunting process. However, watching your score improve isn't as difficult as you might think! Here are some of the great tips for boosting your credit score!

Get a secured savings loan

- A secured savings loan is the most effective ways to skyrocket your credit score. Almost everyone is approved, and the loan payout acts as the security funds. There is no upfront cost and no money up front. The loan is paid out at the end of the term, but the best part is that a secured savings loan reports to the credit bureau just like a regular loan! As long as you keep your account in good standing, your score will continue to build. If you're interested, click here!

Get a secured credit card

- Get a secured credit card - This is one of the most common methods people use to boost their credit scores. This type of card is low-risk to the lender but appears as a normal credit card on your credit report. So, all you have to do is keep it in good standing to see your score grow. Get your secured credit card today. Click here.

Pay more than the minimum payment

- If you're carrying a balance on a lines of credit, loan or credit cards, it's worth paying it off as quickly as possible. You'll save money on interest, and your credit score will improve faster.

Increase your credit limit

- This step can be risky for those who struggle with overspending, but being approved for an increased credit limit can have a wonderful effect on your credit score. It decreases your credit usage percentage, which is the amount of your available credit that you've used. If your available credit goes up but your balance doesn't, your score will benefit!

Get new sources of credit

- This works similar to the previous tip. Adding to your credit mic can reduce your usage percentage (as long as you don't rack up a balance) and is an easy to improve your credit score.

Clear your credit report of any issues/errors

- Check your free credit report on Creditkarma.ca and look for any mistakes, errors or issues that can easily be cleared up. Clearing these things up can have a nearly immediate positive effect on your credit score.

All of these methods can result in a new and improved credit score, but remember, you still need to treat these new credit opportunities with responsibility. This means, no late or missed payments, no collections, no defaults, and keeping your spending to an absolute minimum.

Do you know of any quick ways to boost your credit score? Let us know in the comments!

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In February 2015, I tried to apply for a loan so I could pay off my school debts and my credit card. At least put a dent into my payments. Well, things went all wrong and I was denied for approval of a loan.

Refresh Financial contacted me, concerned as they are to help individuals like myself to have a better future. We went over my finances and decided that the Refresh Financial loan will bring up my credit score to apply for a loan.

I was greatly impressed when every month I saw my credit climbing to the numbers I wanted from the beginning. I was entirely happy for my credit score being higher. My job as well, I made it possible to pay bi-weekly on my payments. With that being said, I learnt to pay my outstanding bills instead of spending money.

I only not have better credit, I have better spending habits and I am happy with the results! ”

Jessica, Frog Lake, AB