6 Ways to Boost Your Credit Score

Your credit score plays a crucial role in your financial life, influencing everything from loan approvals to interest rates and even job opportunities. But maintaining a strong score isn’t always easy—especially with the many factors that can impact it. The good news? There are practical steps you can take today to start improving your credit score and building a healthier financial future.

1. Pay Your Bills on Time

Your payment history is the most important factor in determining your score. A missed credit card payment can have a huge impact on your score, and it can take months to recover the loss. Set a regular reminder for a few days before your bill is due to ensure you never miss a payment.

2. Reduce Your Credit Utilization Ratio

Your credit utilization ratio refers to the amount of available credit you use. It’s best to keep your utilization under 30%, or even 10% if you can. It can also be a good idea to accept offers of increased credit or to request an increase on your own, which can instantly bring down your credit utilization ratio. 

3. Use Your Cards

You need to use your cards to keep your score high. A great way to make sure you use your cards on occasion but don’t overspend is to charge fixed expenses, like monthly subscriptions, to your card. Just be sure to pay the balance in full before the credit card bill is due. 

4. Work to Pay Down Outstanding Debt

Pay down your bill by trimming an expense category in your budget and channeling that extra money toward your credit card bill. You can also reach out to your credit card company to ask for a lower interest rate. Finally, consider consolidating credit card debt with a personal loan from HVCU.

5. Look for Errors on Your Bill and Credit History

A fraudulent charge on your credit card can bring down your score without your knowledge. Check your statements each month for possible signs of fraud. If you see anything suspicious, contact the credit card issuer immediately and dispute it. 

6. Become an Authorized User on Another Cardholder’s Account

Becoming an authorized user on another cardholder’s account can be a great way to get quick results. Team up with someone who has excellent credit and never misses a payment; your partner’s responsibility will reflect well on you.

Improving your credit score takes time, consistency, and a bit of strategy—but the payoff is well worth it. By following these six tips, you’ll be on your way to a stronger score and greater financial flexibility. Whether you're preparing to make a big purchase or simply want to strengthen your financial foundation, taking control of your credit is a smart move. Start today, and watch your score—and confidence—grow.