Increasing credit score

Uber / Creative
bag.

UberCreative

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Google
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May 15 16 Comments

How does one improve ones credit score?

I'm stuck between 740 and 770

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TOP 16 Comments
  • New / Engsr. verlis
    Why would you need a higher score? Unless your score is very low, credit scores are just a marketing ploy for cc companies. Banks mostly look at debt to income ratio, and obviously with your score you probably don’t have a lot of bad marks.
    May 156
    • Uber / Creative
      bag.

      UberCreative

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      OP
      I'm planning to apply for home loan in six months 🤞😅
      May 15
    • New / Engsr. verlis
      Awesome congrats! Get a store credit card, keep balance below 30%.
      May 15
    • New / Engsr. verlis
      Get low limit credit cards, Best Buy card, etc etc, and keep the balance below 30% at all times, on all cards. I raised my very bad credit to very good within 2 years.
      May 15
    • New / Engsr. verlis
      My three cards were secured. Then 6 months later I got a Living Spaces card, then a Bestbuy card.
      May 15
    • Google hurgundy
      Why low limit cards? That doesn’t seem right, you want a very high limit so your utilization can be kept low
      May 15
    • Cisco chckde
      Yes, you would want high limit cards, low utilization. I pay up just before my billing cycle ends to maintain low utilization.
      May 16
  • LinkedIn stuffy🐷
    Don’t get any more cards if you are taking out a mortgage in 6 months. New accounts and credit inquiries will hurt your score a lot.

    Just pay off your balances before statements post and avoid all credit inquiries for the next 6 months.
    May 154
    • Uber / Creative
      bag.

      UberCreative

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      OP
      Yea, I'm not planning to get any more cards. Paying off credit card bills early sounds an interesting option. I do have auto pay, but I'm guessing what you mention is a bit more preemptive.
      May 15
    • Cadence / Product
      luna.

      CadenceProduct

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      luna.more
      Paying early..Makes a huge difference you will cross 785+
      May 15
    • LeanTaaS ♥️ data
      I pre-pay every 7 days. I moved from 740 to 800 in one year.
      May 15
    • LinkedIn stuffy🐷
      Paying before statement close reduces your credit utilization. It is a big part in your credit score. Keep it at near 0% then you will have a higher score.
      May 16
  • Increase your credit limit. This will decrease your credit utilization.
    May 150
  • CACI / EngfPem50
    Get Capital One’s Credit Wise app. It lets you monitor your credit score and gives you recommendations to improve it. It also lets you run simulations to see how certain actions could impact your score for better or worse and by how much.
    May 150
  • There are multiple things that contribute, sign up for credit karma to see what goes into it and what you can do to increase your score
    May 150
  • Microsoft Rhino
    Get a few more cards but dont use all fully
    May 150

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