Your FICO score is one of the most important number sin your financial life. If you have a low score, you may be interested in trying to rebuild. Improve your score by a very small number might take some time, but there are steps you can take to quickly increase it.

improve a FICO score

The time needed to improve a FICO score

Long term

To get a higher score, take the necessary steps to improve its long-term credit. One of the most important variables with a credit score is your payment history. If you’ve spent some payments in the past, you must make every payment on time for several years before your payment history is good again. The length of your credit history also helps your score, so your score should improve as time passes.

Balances

One of the best ways to repair your credit is to pay off relatively quickly balances in their accounts open. The FICO formula measures the amount of your available credit. If you pay the balances on accounts, this will increase your available credit and improve your score. By doing this, you could potentially improve your credit score within two or three months. Get balances below 30 percent of the available credit line for best results.

Disputes

Another way to quickly raise your FICO score is to dispute any incorrect negative appearing on your credit report. Get a copy of your report from all three major credit bureaus and look over. If you notice something wrong, such as a late payment that I marked paid on time, you can dispute it with the credit bureaus. If you get the negative removed, you can improve your score within two or three months.

Old cards

If you have an old credit card you have not used in a while, consider making a small purchase on it. The length of your credit history makes a big difference to the credit bureaus, and sometimes can help to make a purchase with one of these cards. If you do not use a card for an extended period, the card company can help inform the credit bureaus. By using your card again, reports will resume.

Rapid rescore

A service that many people do not know that could potentially help you score quick redevelopment. It is a service provided by companies that have relationships with credit bureaus. This service is available when you buy a car loan or a mortgage. The lender will contact you rapid rescoring company. You can correct errors on your report in just 72 hours.