Top 4 Strategies/Ideas To Boost Your Credit Score Instantly Overnight

If your credit score is not good enough then these are the things that you can do to help it improve. Your credit score—a three-digit number lenders use to help them decide how likely it is they'll be repaid on time if they grant you a credit card or loan—is an important factor in your financial life.

 So Today You will learn about The Top 4 Ideas To Boost Your Credit Score. exploring some tips and tricks that you can use when applying for credit cards.(light chiming music) For most people, credit cards are the best way to earn points and miles for free travel, especially with opening bonuses. However, applying for credit cards can be a difficult process, even for those who have been collecting points for years. When you get deeper into the hobby, you're likely to have a large amount of credit offered to you, so issuers can be sometimes hesitant to extend more credit to you. 

 I'm going to share my top ten tips and tricks to improve your chances when applying for credit cards. 

4 Steps To Improve Your Credit Score

When it comes to your credit score, it's important to note that this is a measure of how well you handle debt. If you don't have very much debt, or you want to live a debt-free lifestyle chances are your credit score is going to be low. 

Your credit score is important for major loans like applying for a mortgage and sometimes it's even checked by a potential employer or a potential landlord. Because your credit score can affect your job, you're housing, and your finances, it's really important to keep it as high as you possibly can.

Always Pay Bills On Time

The first is to pay all your bills in full and on time.

 If you want to maximize your score, make sure none of your debts are in collections and that you're always paying your bills on or before their due date. 

Use A Variety Of Credit

The second way to increase your credit score is to use a variety of credit. What I mean by this is someone that has student loans, credit cards, a car loan, and a mortgage, will typically have a higher score than someone that only has credit cards. It might seem crazy to take on more debt in order to boost your credit score, but it's really effective. If your credit score is low and all you have is credit cards, maybe apply for a line of creditor a personal loan at your bank and start using that. The credit variety in your credit profile will help boost your credit score. 

Keep Credit Utilization Low

The third way to boost your credit score is to keep your credit utilization low. What I mean by this is to not use too much of the credit that's available to you. I know this seems counterintuitive after the first two points but being focused on giving you more debt in order to increase your credit score, but what lenders really want to see is that they can give you tons of credit and you won't use very much of it. You should try to keep your credit utilization below 1/3 of the total credit you have allotted to you. This means, have a credit card with a $3,000limit, try never to carry balance greater than $1,000on the card. If you're living maxed out on all your loans and lines of credit and credit cards, this could be one of the reasons your credit score is low, and paying down those debts to reduce your credit utilization will help increase your credit score. 

You Need To Establish A Better Credit History

Finally, the last way to increase your credit score is to just be patient. It takes time to build good credit and it also takes time to repair bad credit. If you're in your early 20s and your credit history is only a few years, your score might be low just because of that. In two or three years of keeping up with your bills and paying down your debts, you'll see it group.

 If you're in your later 20s and early30s you should have a better established credit history, but if you missed a few payments or defaulted on a loan, this could have damaged it in the past. Keep paying down your debts and paying your bills and it will gradually go up overtime. Be patient with your credit score, just like any other financial goal building it up takes time.