All of us struggle with credit from time to time. To improve your credit score fast, it is important to focus on the areas that matter the most when your credit score is calculated. Things like bill payments, credit utilization, etc. directly impact your score. Pay extra attention to the factors that get reflected immediately on your credit report, and that are reported to all three major credit bureaus.
Credit utilization: It is generally advised to use less than 30% of your approved credit limit. A low balance has a positive impact on your credit score. You can also pay multiple times in a month.
Higher credit limits: If you have higher credit limits, and your balance remains lower or the same, your credit utilization will also be low and impact your credit score positively.
Authorized users: This is a good idea for anyone but especially if you are just starting to build credit. Become an authorized user on a credit card account with a good credit history (like a relative or friend). All of these methods get reported to the credit bureaus as positive payments and improve your score almost as soon as it is reported every month.
Diversify your credit mix: Having different types of credit accounts can help build a positive credit history. If you have multiple credit cards, it may be a good idea to get a mortgage or installment loan and vice versa. Every new credit account is reported to the credit bureaus and helps lower your credit utilization too.
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