Review your credit report: The first step in improving your credit score is to know what's affecting it. Order a copy of your credit report from each of the three major credit reporting agencies (Equifax, Experian, and TransUnion) and check for any errors. If you find any inaccuracies, dispute them with the credit reporting agency.
Pay down high credit card balances: High credit card balances can have a significant impact on your credit score, so paying down your balances should be a top priority. Focus on paying down the credit card with the highest interest rate first, and then move on to the next highest.
Make payments on time: Late payments can have a major impact on your credit score, so make sure to make your payments on time. Consider setting up automatic payments to ensure you never miss a payment.
Keep old credit card accounts open: Length of credit history is a factor in determining your credit score, so it's important to keep old credit card accounts open, even if you're not using them.
Limit new credit applications: Each time you apply for credit, it can result in a hard inquiry on your credit report, which can lower your credit score. Limit new credit applications to only those you truly need.
Use a secured credit card: If you have a history of poor credit, using a secured credit card can help you build or improve your credit score. With a secured credit card, you provide a security deposit, which serves as collateral for the credit card.
Seek assistance from a credit counselor: If you're struggling with debt or credit problems, a credit counselor can help you develop a plan to pay off debt and improve your credit score.