Improving your credit score takes time and effort, but the payoff can be significant. 

Here are six steps you can take today to improve your credit score and repair your ability to borrow from banks, other lenders, and credit card companies:

  1. Review your credit reports: Obtain a copy of your credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) and review them for errors. Dispute any errors you find with the credit bureau and the creditor.
  1. Pay your bills on time: Late payments are one of the biggest factors that hurt your credit score. Make sure to pay all of your bills on time, every time.
  1. Reduce your credit card balances: High credit card balances compared to your credit limit can also negatively impact your credit score. Try to pay down your balances to below 30% of your credit limit.
  1. Limit new credit applications: Every time you apply for credit, it shows up as a hard inquiry on your credit report, which can temporarily lower your credit score. Avoid applying for new credit unless necessary.
  1. Keep old credit accounts open: The length of your credit history is a factor in determining your credit score. Keeping old credit accounts open and in good standing can help improve your score over time.
  1. Consider credit counseling: If you have trouble managing your debt and finances, consider reaching out to a credit counseling service. They can help you develop a budget and a debt repayment plan.

Remember that you won’t see improvements in your credit score instantaneously because the credit bureaus take time to reflect changes on your credit report. 

It can take 30-60 days for the credit bureaus to update your credit report with positive information, such as paying off a debt or disputing an error. However, negative information can remain on your credit report for seven years or longer!

It's also important to remember that improving your credit score is a long-term process and not a quick fix. It may take several months or even years to see significant improvements, depending on the severity of your credit issues. The key is to be consistent and patient in your efforts to repair your credit.

In conclusion, repairing your credit takes time, effort, and patience. By following the steps outlined above and consistently making positive changes to your finances, you can improve your credit score over time. 

Finally, remember to be patient (once again!), and continue to make good credit choices going forward over the months and years to come! 


Need help? Credit9 is here to help. When you need answers to questions or experts on your side, we are here to support you along the way.