How to increase your credit score in 3 months!

5 tips on how to start rebuilding your credit.

  1. Build your credit file by opening new accounts: credit-builder loans or secured cards.
  2. Don’t miss a payment: no more than 29 days behind payments.
  3. Catch up on past-due accounts.
  4. Pay down revolving account balances: even if you’re not behind, having a high balance can lead to high credit utilization rate and hurt your score.
  5. Limit how often you apply for new accounts: while you may need open accounts to rebuild, opening a new account can lead to hard inquiries, which may hurt your scores a little.

While there is no set timeline on building a credit score, you still need to start to get somewhere, so start now and maybe in 3 months you could have a great score increase.