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Published on August 13, 2018

How to Improve Credit Score Quickly with These 10 Tactics that Work

How to Improve Credit Score Quickly with These 10 Tactics that Work

It’s been months since you’ve tried improving your credit score but had little success. And since you’re planning to make large purchases soon, you start feeling hopeless.

The problem is you don’t know where to start. With too many resources available, you become paralyzed with fear. But you know you can’t sit still forever. So what’s your next step?

To learn from others who’ve already experienced success.

Take my case, for example, my current credit score is 750+, but this wasn’t always the case. At one point I had no credit and lost over 100 points. Through trial and error, plus learning from others I’ve learned which tactics work.

You don’t need complicated strategies, you only need a few that work. The tactics provided in this list are the same ones I’ve used to increase my credit score. While your credit score won’t improve overnight, it’ll improve quicker than most.

Here are 10 tactics you can use to finally improve your credit score:

1. Revise for any errors

Before you attempt to improve your credit score, check where you stand. Pull a free credit credit report and ensure that all your information is accurate. For example, check for misspellings, wrong addresses and accounts not belonging to you.

If there’s any bad information, contact the credit reporting company. To avoid any prolonged issues, aim to check your credit at least once per year. You’re entitled by Federal law to 1 free credit report from all 3 credit reporting agencies.

Download Credit Karma, or Credit Sesame to track your credit score. This will help you stay motivated as you’re changing bad habits to improve your credit score.

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2. Stop depending on credit

A major reason for having bad credit is due to carrying several credit balances. Instead, focus on paying down all your credit cards and only use one. Save money by consolidating all your credit card balances into a 0% interest credit card.

Once you’ve consolidated all or most of your credit card debt, make more than the minimum payment. Why? Because it can take years for you to pay off those balances making the smallest payment.

It can feel overwhelming keeping track of many credit cards and other expenses. Fortunately, a simple solution is to use apps like Mint to better track your cashflow.

3. Say no to new credit cards

Ironically, the better your credit score is, the more credit offers you’ll receive. But this doesn’t mean that you should open dozens of new credit cards. Limit yourself to only have 1 to 4 credit cards.

If you find that you already have more than 4, focus on eliminating ones you don’t use or have an annual fee. Many companies and stores will try to convince you to open new credit cards with a one-time cash bonus. Don’t fall for it.

4. Leave your bills on autopilot

Because you’re human, you’re bound to be late on payments at some point. A great way to avoid being late is by setting up automatic payments for your bills. Nowadays, most large banks have a “bill pay” feature that allows you to set up recurring payments.

Review your credit billing history and write down bill due dates on a separate sheet of paper. Be sure to have a good understanding of your cash flow to know how much money you’ll have left over each month. Use the remaining amount to make extra credit card payments.

Stay motivated by setting a deadline for when you’d like to be credit card debt free. Then break down your entire credit card balance by month. For example, if you’d like to be debt free in 16 months with a $5,000 credit card balance, make a $313 payment each month ($5,000/16).

Make sure to pick a date that’s attainable and one with payments you’ll be able to afford. It’s better to pay a lesser amount if you’ll be consistent.

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5. Make your bills adapt to you

Everyone’s pay cycle is different, so adjust your bill’s due date to a date convenient for you. If your bill is due on the 1st of the month but you get paid on the 7th, change accordingly.

Sometimes changing your due date is too much of hassle or not possible. In this case, consider using your credit card to make your payments.[1] But, as soon as these payments post to your credit card, be sure to pay them off.

6. Be wary of excessive credit

Keep your credit utilization below 30%. Using more credit gives the impression to companies that you’re struggling financially. Vintagesscore recommends using no more than 30% of your credit utilization.

What’s your credit utilization? Divide your total outstanding debt by your total credit. For example, if you had $3,000 in outstanding debt with a $10,000 credit limit, your credit utilization is 30%. Now review all your credit cards and calculate your credit utilization.

So when do you use your credit cards? Only to make purchases you’ll be able to pay off either immediately or within a month.

Stop depending on your credit card to make daily purchases and use your debit card instead. You’ll be less likely to make impulsive purchases and buy only what you can afford. The best part is you’ll start breaking the bad habits that got you a bad credit score in the first place.

7. Don’t abuse credit inquiries

Be wary of hard credit inquiries. These types of inquiries can bring down your credit score a few points. A few points may not sound like much, but they add up.

Hard credit inquiries are necessary for the different stages in your life but you’ll need to be strategic for when to use them.

Here are some examples of hard inquiries:

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  • Auto loan application
  • Mortgage application
  • Student loan application
  • Personal loan application
  • Apartment application

Plan ahead for big purchases. This way you’ll avoid running many hard inquiries against your credit all at once. The good news is that big purchases aren’t made often, so you’ll have time to prepare.

Set a timeline for when you’d like to make large purchases to know if your credit score is in good standing.

8. Become an authorized user

Start building credit by becoming an authorized user in someone else’s account. As an authorized user, you’ll be able to make purchases with your own credit card. But the owner will still be responsible to make payments on time.

It’ll be challenging to find someone who’d be willing to add you as an authorized user to their account. So start by asking a close relative or friend. Once added, it’s a great way to build creditworthiness over time, so be persistent.

9. Praise your credit history

Don’t close good standing credit cards. Good standing credit cards show lenders you’ve been able to make payments on time for an extended period.

Instead, if you decide to no longer use a credit card, leave it home somewhere out of sight.

Do close credit cards that are charging you annual fees or have a short history. Be sure to do this during a period you won’t be making large purchases.

10. Conquer goals with patience

The truth is building your credit score won’t be easy, but it’s well worth the effort. To stay motivated, write down your main reason for wanting to improve your credit score.

For example, if you want to buy a house, set a concrete date to work towards to. Then start researching what credit score you’ll need to buy your home. From here, break down your goal into daily actionable steps.

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A sample month can look like this:

  • Week 1: Leave credit card at home
  • Week 2: Call banks to inquire about ideal credit score to have
  • Week 3: Create a pay off date for your credit card with the lowest balance
  • Week 4: Save $10 to make a principal payment towards your credit card

Consistency is key. It’s best to start with small goals and make consistent progress. Once you start seeing success aim for bigger goals.

“Most people overestimate what they can do in a day, and underestimate what they can do in a month.” – Matthew Kelly

Make your dream purchases effortlessly

Imagine waking up to a buzzing noise. It’s your smartphone notifying you that your credit score is now 700. You smile, grab your coffee, and start your morning feeling invincible.

It wasn’t easy but with hard work and discipline, you were able to improve your credit score.

Best of all, your finances are now better than ever. You have a budget and stick to it. Amazing isn’t it?

You now have 10 proven strategies to boost your credit score. Try each tactic but remember to have patience. Increasing your credit score won’t happen overnight. But you’ll form life-changing habits along the way.

What are you waiting for? Go get em’ tiger.

Featured photo credit: Pixabay via pixabay.com

Reference

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Christopher Alarcon

Content Marketer and Finance Analyst

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Last Updated on July 4, 2019

25 Killer Sites For Free Online Education

25 Killer Sites For Free Online Education

Whether you’re five or ninety five, the internet has a lot to offer. Particularly when the topic is education, the resources on the internet are endless.

Best of all, many high quality sites are completely free. From history to coding, excellent free online education awaits on the following 25 sites.

1. Coursera

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    Coursera is a website that partners with universities and organizations around the world. This brings a wide variety of topics and perspectives to one searchable database.

    Coursera is a powerful tool for free online education, and includes courses from many top universities, museums and trusts. This gives the site an extremely wide range of in-depth courses.

    Coursera is extremely useful if you’re looking to study many different topics, or want courses from different schools and groups.

    2. Khan Academy

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      Partnering with many post secondary schools, Khan Academy offers a useable, well organized interface. Also curating many courses from around the web, Khan Academy offers impressive depth on many different subjects.

      Among the more well known educational sites, Khan Academy is also incredibly useable, which may make it easier to keep learning goals.

      3. Open Culture Online Courses

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        If you are struggling to find exactly the material you are looking for, try Open Culture’s listing of free online education courses. The page highlights 1000 lectures, videos and podcasts from universities around the world. The site features a lot of material found only on universities private sites, all in easy to browse categories. This means you can find hundreds of university courses, without having to visit and search each university’s own site.

        Open Culture’s list features courses from England, Australia, Wales and many state universities around the United States. A very helpful resource for finding many courses in one area of study.

        4. Udemy 

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          Udemy’s free courses are similar in concept to Coursera’s but additionally allows users to build custom courses from lessons.

          Working with many top professors and schools, the site mixes the customizable platform of other sites with a heavy emphasis on top quality content. This is another site however, that mixes free and paid content.

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          5. Academic Earth

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            Another site with courses from many different schools is Academic Earth. Much like the three sites above, Academic Earth brings together top notch courses from many different sources, and focuses on offering a wide variety of subjects.

            Academic Earth lists courses by subject and school, so it might be easier to find what you’re looking for.

            6. edX

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              Another great option for free online education is edX. Also bringing together courses from many different schools, the site has impressive, quality information for everyone. edX covers a great range of topics.

              7. Alison

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                Unlike the previous sites on this lists, Alison is a free education site offering certification in some areas. Alison offers courses mainly in business, technology, and health, but also includes language learning courses.

                It’s a great option if users need certification for their learning as Alison also offers school curriculum courses.

                8. iTunesU Free Courses

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                  A very convenient place for free online education is iTunesU, because it integrates seamlessly with your iPod, or any app-ready Apple mobile device. On iPad, iPhone, or iPod touch, users download the iTunesU app.

                  Desktop users can access  iTunesU on the upper right hand corner of the iTunes Store. iTunesU is also convenient because the store is categorized much like iTunes.

                  Users can search learning materials in many different ways, including genre and topic. However, courses are often a mix of free podcasts or videos, and paid content.

                  ITunesU does include courses on a pretty wide scope of topics, but does not integrate with Android, Google or Windows mobile devices.

                  9. Stanford Online

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                    Your hub for all the online offerings from Stanford University, Stanford Online offers self-paced and session based courses. While Coursera features some courses from Stanford, many classes are only available via other hosts. Some courses require iTunes, but most are completed in your web browser.

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                    Stanford Online is a great site for high quality courses, though the topics are somewhat limited compared to sites partnered with more than one school.

                    10. Harvard Extension

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                      Like Stanford Online, Harvard Extension features free online education courses from Harvard only. This is another excellent source for top notch course material, though the course variety is less rich than multi-school sites.

                      Additionally, Harvard Extension allows you to search for courses by professional certificate. This makes it much easier if your online education goal includes certification.

                      11. Open Yale Courses

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                        Open Yale Courses echoes Harvard Extension and Stanford Online, in that it offers only courses from Yale. While the site is similarly limited to topics taught at the school, Open Yale Courses offers a lot of videos of actual campus lectures. The availability of videos makes the site a great option if you’re looking for quality courses, but learn better by watching than by reading.

                        12. UC Berkeley Class Central

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                          Much like the other schools on this list, UC Berkeley has a variety of free online education options. The school has slightly fewer courses than the schools above, but includes some supplementary lectures, webcasts and RSS Feeds, making it easy to keep up with the topics you choose.

                          13. MIT OpenCourseWare

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                            Similarly, MIT offers a variety of free courses. The school has a comparable number of courses to the schools above, plus includes very in-depth course materials on the subjects available. MIT also offers free RSS feeds, a convenient way to continue learning.

                            14. Carnegie Mellon Open Learning Initiative

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                              Carnegie Mellon’s free online education site is comparable with the other school’s on this list, however, Open Learning Initiative also covers a smaller range of topics. But for the topics that are covered impressive, in-depth material is available.

                              15. Codecademy

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                                Codecademy is a website dedicated specifically to teaching coding. Where other coding sites follow an example/practice session workflow, Codecademy includes a live practice window. This means you can practice coding while still viewing the lesson material.

                                The courses at Codecademy are well written and easy to follow and the website is organized very nicely. Codecademy features a centralized dashboard where you can monitor your progress, plus organizes lessons into complete modules. This lets you learn an entire language without needing to pick the next course manually.

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                                16. Code

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                                  Code is another website focused on coding and app writing. A site with high quality courses, Code also features learning options for kids.

                                  In addition to kid friendly courses, Code offers free online education classes on a wide variety of technology topics. These classes include app writing, robotics and Javascript.

                                  Most of the courses are also geared in a such a way that they can be useful in a classroom setting. This makes Code a great resource for harder to find coding topics, as well as various learning settings.

                                  17. University of London Podcasts

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                                    The podcast page on the University of London website is another great source for free education. While the courses are limited to podcasts, the site features podcasts from it’s own campus, as well as eleven universities in and around London. This gives learners a wide base of topics and lectures, but still ensures in-depth material.

                                    18. University of Oxford Podcasts

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                                      Similar to the University of London, the University of Oxford features many different podcasts. Most are public lecture series or lectures from visiting professors, with several different recordings available.

                                      The advantage to this particular site is that podcasts are organized into series, making it easy to subscribe to multiple lectures on one topic. Another good site for thoroughly in-depth lectures.

                                      19. BBC Podcasts

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                                        For the more casual learner, the BBC offers a wide variety of podcasts on many different topics. Most podcasts are updated weekly, and focus on everything from finance, to sports, to current events.

                                        Through the World Service line of podcasts, there are also many in different languages. The focus of these podcasts are less in-depth and theory based, which may be more accessible to the average person.

                                        20. TED-Ed

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                                          Another great destination for more general learning is TED-Ed. From the same people that brought you the all encompassing, motivational web series, comes a site chocked full of educational videos. Most include impressive animation, and all are ten minutes long or less.

                                          Not only is TED-Ed an excellent site for the curious, it also includes supplemental materials and quizzes on the videos. This makes the site extremely useful in formal education settings, as well as in entertaining ways to brush up on new discoveries and topics.

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                                          21. LessonPaths

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                                            LessonPaths is another great tool for those looking for a more usable and convenient way to access learning material. On this site, users create link playlists of their favorite learning materials from other sites. Users then rank these collections, making it easy to find many different high quality, accessible sources on a given topic.

                                            22. Memrise

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                                              Another impressive free online education site offering ease of use and convenience is Memrise. Available both on desktop and as an app, Memrise is a particularly powerful tool if you are studying a language. The site encompasses many other topics as well, though some of the course material is user generated content.

                                              Part of what makes Memrise special is their integration of games into the learning materials, mixing learning with entertainment.

                                              23. National Geographic Kids

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                                                The kids site for National Geographic is another site that makes free online education applicable for younger users. For those looking for kid friendly education, a large variety of games, puzzles, videos and photos keeps kids interested on this site.

                                                National Geographic Kids doesn’t organize learning into courses, making materials available by topic and medium instead. This makes National Geographic Kids a good option for those looking for a more casual learning environment.

                                                24. Fun Brain

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                                                  Fun Brain is another good option for kids who want to learn online, but focuses on games and fun puzzles. Particularly focused on math and reading, Fun Brain’s game based approach can be valuable if the child in question struggles to pay attention.

                                                  Fun Brain offers rewards and challenges as well, and is another site aimed at a casual learning experience for kids K-8.

                                                  25. Whyville

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                                                    Similar to the sites for kids free online education is Whyville a destination for preteen online learning. The site includes a variety of social features, with a focus on learning materials geared for young teens.

                                                    Whyville also mixes in educational games, to make the site a well rounded option for kids too old for simple games, but too young for heavy reading based material.

                                                    More About Online Learning

                                                    Featured photo credit: Dai KE via unsplash.com

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