If you want to learn how to improve your credit score, the first thing you obviously have to do is get a copy of as many credit scores as you can. The three big ones you need are your Experian, Equifax and Transunion scores.
The two sites that I know that provide you with absolutely free credit scores with no strings attached, no credit card needed, are Credit Sesame for your free Experian credit score and Credit Karma for your free Transunion credit score.
Credit Karma also provides you with a free Vantage Score. So this gives you 3 free credit scores that you get to work with.
Now with these scores in hand, it’s time to start improving your scores. We’ll focus on the three biggest factors that go into the credit score scale.
The biggest way to get a better score is to pay all your bills on time. Do what you need to do to make your payments by the due date. If you miss a payment, your score can drop 50 to 100 points or more.
Get a second job to help make your payments and reduce your debts.
This is the next biggest factor – how much credit you are using. Don’t max out your credit cards and that will help you get a higher credit score.
Keep your old accounts open. Closing your credit card accounts, especially your oldest ones, can lower your score.
As you pay down your debts, make your payments on time, and your accounts get older, you will slowly improve your Experian, Equifax, and Transunion credit scores.
You can update your scores each month with Credit Karma and Credit Sesame and see how well you are doing. Put your credit card away, there is no credit card required to get your free credit scores with free credit report monitoring. Keeping a watchful eye is one of the best ways to improve your credit score.