Jump to main content
Financially Fit

Tips for Repairing your Credit Score


“Credit Score” can be a scary phrase to many, but it doesn’t have to be. There are simple ways to improve your credit score and get you back on the right track! We all know that maintaining a good credit score is vital when it comes to purchasing a home or new car, so it’s time to take your credit score seriously!

In the following post, we have outlined some simple steps you can take to improving your credit score.

1. Setup automatic payment

If possible, setup your recurring payments to be paid automatically. This will help you avoid having to remember to pay your bills manually and will eliminate the risk of late payments. Making sure your bills are paid on time can greatly improve your credit score, so make an extra effort to ensure that everything is paid on time!

2. Eliminate your debt

Easier said than done, right? Make a concerted effort to make regular payments to help pay off your debt. Establishing an on-time and consistent payment history on your debt communicates that you are reliable and will result in an improvement in your credit score. Payment history is very important to your credit score!

3. Keep unused credit cards open

On the surface this tip seems kind of weird, but keeping an old credit card open is valuable to showing credit history. So evaluate the age of your credit cards before making a decision to close any accounts. Keeping an old credit card open can help protect a good credit score.

4. Dispute any inaccuracies on your credit report

If you are noticing any incorrect late payments being reported or any other inaccuracies, be sure to report these to the appropriate bureau immediately. Any corrections can go a long way towards repairing your credit score.

We hope you found the above information useful. Establishing and maintaining a good credit score takes time but starting with the above actions will help you improve your credit score both in the short-term and the long-term. Developing good financial habits will set your credit score on the right track!

If you have any questions about your credit score, we’d love to talk to you! Come in and speak with one of our lenders.

View All Blog Posts

Blog post currently doesn't have any comments.
Leave comment Subscribe
* - Indicates required field