Doing the things you want to do. Seeing the places you want to see. Living life with a little less worry and a little more freedom. It all can be easier when you have the flexibility that comes with a higher credit score. And while improving your credit score may not happen overnight, check out these 4 tips to help you start moving in the right direction.
First things first—you’ll need to know your current credit score. You can get it from some credit card companies or from the 3 credit reporting agencies: Equifax®, Experian® and TransUnion®. The numbers they provide may be slightly different, but all will give you a good idea of where you stand.
Mistakes on credit reports are fairly common, and these errors could be negatively affecting your score. If you have a question about a charge or a concern about your credit report, contact the reporting agency immediately.
Try to keep your credit card balance around 30% of your credit limit. Pay your bills on time and pay your full balance when you can. Whenever possible, try to pay more than the minimum amount due.
Sure, having more available credit might give you more freedom, but applying for multiple cards—especially all at once—may affect your credit score. Apply wisely.
The moral of the story? Building better credit can lead to great things. In fact, you can start right now—check your credit report and then get to work improving your credit score.
We hope that you found this helpful. Our content is not intended to provide legal, investment, or financial advice or to indicate the Capital One product or service is available or right for you. For specific advice about your unique circumstances, consider talking with a qualified professional.