Keep your credit card usage under 30% of your overall limit.
Ask your financial institution to increase your credit limit without performing a “hard inquiry”.
Increasing your credit limit while maintaining or decreasing your balance will often improve your credit score.
If you have a number of accounts with small balances such as $20 or $30, pay them off right away.
The bureaus usually take into consideration how many of your credit cards carry a balance; having too many small balances can count against your credit score.
Ask a relative or friend with an excellent payment history to add you as an authorized user on their credit card, especially if they have a zero balance or 0% financing.
Limit the number of loans and credit applications you apply for in a single 6-month period. The only exceptions to this rule are home, auto, or student loans.
The bureaus usually don’t mind if you’ve applied for many of these types of loans, even within a two-week period.
Use your old accounts once in a while to keep them open; creditors sometimes close inactive accounts. If your old credit cards are closed, you lose an important part of your credit history, which can decrease your score.
The bureaus like to see that you’ve had open lines of credit over many years.
Dispute any negative or erroneous items on your credit report. Maintain a healthy mixture of accounts such as credit cards, store cards, and installment loans.
Apply for new accounts only as needed. Transfer your credit card balances to a card with a lower interest rate.
Taking this action can increase your rating and your overall credit limit. Ask credit bureaus to update any credit accounts which you’ve paid off – but still show an outstanding balance.
Ask credit bureaus to report any “accounts in good standing” that are not shown on your credit report.
Ask your creditors to forgive you for any late payments. Dispute any “charge off” accounts, late payments, and collection items on your report that don’t belong to you.
Dispute any negative items on your report that are more than seven years old. Ask your finance institution company to increase your credit limit by performing a “self-inquiry”.
In order words, they can view your report as if you had provided them with a copy.
If you are an authorized user on a card with numerous late payments and a high balance compared to the overall limit (over 30% is high), call your creditor and ask them to remove your name from this account.
Scan your report for any unauthorized “hard inquiries”, and dispute these with the credit bureaus.
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