How to Increase Your Credit Score

If you are in a rent-to-own agreement or contract for a deed home, you’ll inevitably have to finance your house in your own name at some point.  When the time comes, you should have the highest credit score possible, that way you can qualify for the best rates on the market at that time!  Not sure where to start when it comes to building credit?  Don’t worry, we’ve got your back!  

Make Sure You Have a Couple Credit Cards

Believe it or not, having multiple credit cards in your name is actually seen as a good thing by credit scoring agencies.  The ability to handle multiple lines of credit at once is very important to them.  Not to mention, having multiple cards will also help to decrease your credit utilization (more on that later), which will also lead to an increase in your credit score.

Keep Your Credit Utilization Low

Credit utilization is the ratio of all of your credit cards statement balances, compared to their total credit limits.  In order to increase your score, you’re going to want to keep your utilization as low as possible!  Under 10% is often seen as ideal when it comes to your utilization.  The great part about decreasing utilization is that it’s really easy!  Instead of letting a high balance report to your statement, just pay it off before the statement closes.

“Credit Repair Companies walk a very fine line as it pertains to “False Advertising.” Their advertisements target those that are desperate, in need of a quick fix, or both without the targeted fully understanding the Credit Laws and the Credit Repair Process. – – The Credit Repair Book: The Credit Repair Company’s Secret Weapon.”

Stay Up to Date With Your Bills

This one is a no brainer, but make sure you pay your bills on time!  A late payment can lead to a derogatory mark on your credit, and that will cause your score to plummet.  Even if you don’t recall charging anything to your card, it’s best to check your account every couple weeks, just to make sure you recall correctly!


This last one is self explanatory.  The last ingredient needed to craft the perfect score is time.  Just make sure you follow the principles outlined above, and good credit score is sure to come!

There is no cheats and no short cuts to a better credit score. We highly recommend financial counseling from a reputable organization. Again, do not pay monthly fees for someone else to “repair” or “boost” your credit. 

Learn your credit score today: