Three Ways To Raise Your Credit Score

Everyone always ask me what they can do to raise their credit score. Here are three ways to raise your credit score and keep it high.

First, keep credit card and other revolving balances low compared to your limits. So, the two ways to make this happen is to pay off debt and raise your limits. This can be accomplished by calling your credit card companies and ask them to raise you limits. Also, if you have a lot of balances on a lot of cards, you can do a debt consolidation that will transfer your debt to installment and in most cases instantly raise you score.

Second, do not close credit cards. As you pay off your credit cards, leave them open. This is because the older the cards you have, the higher the credit score.

Lastly, pay your loans and credit cards on time. I cannot stress how important this is to keeping a high credit score. This is the key to building good credit over the long run.