Experts Talk


Breaking: Secrets Revealed on Raising your Credit Score

Michael Fletcher February 12, 2024
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Everyone is worried about their credit score. A great credit score creates opportunities to finance a new home, car, or small business. Poor credit can be devastating. 33% of people who applied for a credit card in 2015 were denied or offered less than requested.

What can you do to increase your credit score and obtain the credit that you are hoping for?

First things first, find your REAL credit score

While there are services in the marketplace that claim to give you a free credit score, most of them only estimate your score. They don’t give you a true indication of what your score might be.

According to the United States government, you can get your credit score for free once per year from without fees or hassle.

SHORT VERSION – TL:DR: If you need help raising your credit score by getting rid of debt- the best option is

Now that you have your score, let’s check a few things

Numbers that play a role in your credit score include the number of accounts you have open and your credit utilization rate. How much of your available credit you are routinely using is also reviewed.

You shouldn’t use all your credit every month. Lenders can see this as problematic and refuse you credit in the future. However, if you don’t have a credit card open make sure to open a card as soon as possible. The only way to increase your credit score is to utilize credit in the first place. Make sure to start small and only obtain as much credit as you can handle.

Pay your cards on time!

Paying your credit bills on time makes up 35% of your credit score. This can be the single biggest factor in causing your score to drop. With online payments, you can set auto-payments to make sure that you never forget a payment. If you can’t pay your bill on time you might have taken on too much credit. You may want to talk with someone about ways to reduce your debt.

Understand how closing a credit account will affect your score

You may think it’s smart to close credit card accounts that you don’t use. However, doing so will have a negative impact on your credit score.

Closing accounts, especially ones that are several years old, will cause your average age of accounts to drop. It also affects your credit utilization rate. These don’t play an extremely significant role in your score, but closing accounts will be sure to have some sort of negative impact.

Get rid of Debt!

The amount of debt you have has a big role on your credit score. Unfortunately many people will not be able to have access to certain things due to having debt. It is imperative that you get rid of your debt as soon as possible in order to raise your credit score.

When in doubt, talk to a professional

Most people would be better served talking with trained professionals who have years of experience. Professionals work to eliminate debt in order to effectively raise credit scores.

These professionals can help negotiate your current debt in a way that will positively affect your credit score moving forward. The best place to go for this is They have a fantastic service that have helped reduce people’s actual total debt balance.