• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
The Budget Diet

The Budget Diet

Earn, Save & Live Smart.

  • Make Money
    • I Made $62,430
    • Rebate & Cashback Apps
    • Surveys That Pay
    • Side Gigs
    • Career
  • Smart Money
    • Saving Money
      • Save $400/mo
      • Budgeting
      • Coupons
    • Loans
      • Personal Loans
      • Auto
    • Bank Accounts
    • Investing
    • Debt
    • Insurance
    • Taxes
  • Smart Food
    • Meal Delivery & Subscription Services
    • Groceries
    • Recipes
    • Dining Out
  • Smart Life
    • Seasonal & Holiday
      • Summer
      • Valentine’s Day
      • Mother’s Day
      • Father’s Day
      • Lent
      • Easter
      • Fourth of July
      • Halloween
      • Thanksgiving
      • Christmas
    • Cheap Dates
    • Frugal Living
    • Cheap Thrills
    • Baby / Children
    • Utility Bills
    • Books
    • Clothing & Accessories
    • Electronics
    • Gifts
    • Health & Beauty
    • Home & Garden
    • Weddings
    • Pets
    • Back to School
    • Home Decor
    • Travel
    • Earth Friendly
  • About
  • Rebate & Cashback Apps
  • Cut Spending by $400 a Month!
  • Investing
  • Recipes
Home » Instant Savings » 11 Strange but Effective Ways to Improve Your Credit Score

11 Strange but Effective Ways to Improve Your Credit Score

Last Updated on March 24, 2023 by The Budget Diet Team

We are a reader supported blog and this page may contain affiliate links. When you buy something or sign-up through our links we may earn a small commission. All opinions in this article are the author's alone.

11 Strange yet Effective Ways to Improve your Credit Scrore
Photo Credit: Lending Memo

I’ve received questions from few readers asking me to post tips about improving credit scores which prompted me to do some research. To my surprise (and I’m sure to many of you) I found out that

30 percent of the people in the US are more embarrassed by their credit score than their weight!

Improving credit score is very similar to losing weight. It takes a lot of time and there are NO so-called “easy” fixes. In enhancing your score, you have to make the right moves and you must be consistent. Bear in mind credit score can affect your financial products such as loan interest rates and insurance rates.

Here are 11 tips that you can start today to improve your credit score:

Page Contents

  • 1. Ask help from your family or friends.
  • 2. Do not close your old accounts.
  • 3. Pay your bills on time.
  • 4. Request for good-will deletions.
  • 5. Compensate credit card bills twice or more in a month.
  • 6. Say “NO” to pre-approved offers.
  • 7. Evade new utility accounts.
  • 8. Return books.
  • 9. Stay away from online quote comparisons.
  • 10. Have long-term relationship with creditors.
  • 11. Pay off your small bills.

1. Ask help from your family or friends.

If one of your family members or friends have better credit history, then you can use it. Adding yourself to a good account will enhance your credit score. Once you are added, you become an authorized user which allows you to pay your bills.

credit score2. Do not close your old accounts.

Your old accounts affect your credit score. Closing one of them may hurt your credit score. Old accounts can tell another story regarding your maintaining credit, hence taking down the amount of available credit, which has positive effect on your score.

3. Pay your bills on time.

Many use auto-payments to conveniently pay their bills monthly. This is to prevent late payment and extra fees, which leads to improvement of your credit score.

4. Request for good-will deletions.

Ask credit reporting agencies and lenders regarding good-will deletions. Unpaid or late payments upset your credit score. Requesting for good-will deletions eliminate these issues from your account. This will work if you are a long-term customer.

5. Compensate credit card bills twice or more in a month.

Bear in mind that debt utilization ratio is an important factor in credit scores. This ratio shows your debt in accordance with your credit limit. Lowering debt utilization ratio can increase your credit score. Compensating your credit card bills twice or more every month can raise your score. The extra payments decrease your debt and at the same time, improves your available credit in one month.

6. Say “NO” to pre-approved offers.

Pre-approved offers from mails commonly need credit check and multiple credit checks which could negatively affect your credit score. It is also to prevent creating multiple accounts to avoid mistakes.

7. Evade new utility accounts.

Phone services, electricity, gas and other utilities involve credit checks which upsets your credit scores. It would be better if you allocate your utilities to a different address than creating new ones.

8. Return books.

Did you borrow books from public libraries? Did you return it? Libraries may send off your unpaid bills to collection agencies, which could lower your credit score.

9. Stay away from online quote comparisons.

Online quotes serve as queries of your credit score. When you request for a quote, your credit score is affected. Obtaining quotes from numerous websites also creates multiple credit checks. Choose wisely before attaining a quote, so your score won’t suffer.

10. Have long-term relationship with creditors.

Staying with your current creditor is the wisest decision you will ever make for your credit score. Although offers from other company are attractive, switching can influence your score undesirably.

11. Pay off your small bills.

These nuisance balances from multiple accounts can hurt your credit score. If you still have $700 on one and $400 on another, gather and pay off all of them. Reduce your accounts to one or two for your various transactions.

It is vital that you have a copy of your credit report to ensure you are on a right track in raising your credit score. Furthermore, it is important that you are enlightened with the factors that make your score go down or up.

Tweet
Pin1K
Share16
1K Shares

Related Posts

  • 3 Ways To Improve Your Relationship... With Your Credit Card [Sponsored]

    Thanks to creditrepair.com who sponsored this post! It’s companies like this that allows us to keep the…

  • 10 Effective Ways to Heal Scars Naturally

    Having scars can be quite a dilemma.  You can use makeup to cover them up…

  • ways to maximize your credit card rewards
    6 Ways to Maximize Your Credit Card Rewards

    This is a sponsored post written by me on behalf of Chase Ultimate Rewards. All…

Filed Under: Instant Savings

Must Read

How I made $62,430 – Ebates

7 Ways to Stow Your Stuff on a Limited Space

1
Leave a Reply

1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors

  Subscribe  
Notify of
Stephanie @ ScoreShuttle

These are all great tips for helping to boost your credit score! Diversifying your profile can be another useful tip! Having various forms of credit such as a car loan, credit card or student loans may help to improve your score!

Reply
4 years ago

Primary Sidebar

Search

Popular Posts

How to Save Money – 98 Ways to Cut Your Spending by $400 a Month!How to Save Money – 98 Ways to Cut Your Spending by $400 a Month!1M Total Shares
How To Make Oreo Balls Cookie Recipe | No BakeHow To Make Oreo Balls Cookie Recipe | No Bake363K Total Shares
The Cheese Dip That Will Make You Famous!The Cheese Dip That Will Make You Famous!103K Total Shares
How to Tint Bottles and JarsHow to Tint Bottles and Jars70K Total Shares
White Texas Sheet Cake RecipeWhite Texas Sheet Cake Recipe42K Total Shares

Footer

The Budget Diet is all about showing you budget friendly yummy recipes and life hacks that shrinks your budget and earns you money. It’s not just a diet for your wallet…but for your waistline too.

  • About
  • Contact Us
  • Become a Contributor
  • Advertise
  • Free Newsletter
  • Home Decor
  • Organize My Life
  • Parties
  • Seasonal
  • Back to School
  • Christmas
  • Father’s Day
  • Fourth of July
  • Halloween
  • Mother’s Day
  • Summer
  • Thanksgiving
  • Electronics
  • Smart Life
  • Baby / Children
  • Books
  • Cars
  • Clothing & Accessories
  • Health & Beauty
  • Home & Garden
  • Homemade Gifts
  • Pets
  • Travel
  • Utility Bills
  • Weddings
  • Weekly Challenge

Copyright © 2023 The Budget Diet · The Budget Diet LLC
Made with in Seattle

  • Sitemap
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA Information
  • Do Not Sell My Information
  • Affiliate Disclosure
  • Contact Us
wpDiscuz