Not everyone has good credit. Fixing a bad credit score isn't as hard as it looks. Here are 7 ways to do it.
1. Review your credit score and report at least once a month to know where you stand with credit.
2. Fix any errors you spot. Dispute any discrepancies you find and get them removed so it doesn't hurt you.
3. Payment history is 35% of your score. Always pay your bills and dues on time. A simple hack is to automate them.
4. Maintain a credit utilization ratio at 30%. Calculate this by comparing your credit card balance with the card limit.
5. Pay down any debts. If you have any outstanding payments, clear them quickly to improve your payment history.
6. Don't close your old credit cards. They show credit history and can actually help boost your score.
7. Avoid hard enquiries. The more times you apply for credit, the more damage it does by dropping your score.
Fixing your credit score requires a long-term plan. Stay committed and keep checking to note improvements.