How to Raise Your Credit Score 100 Points in 30 Days

There are many reasons why you might need a credit score bump now. Maybe you’re looking for an apartment and your credit score isn’t where it should be. Perhaps you’re in the market for a new car and you need a higher score to get better terms. 

Whatever the reason, is it possible to raise your score significantly in a short period of time? For most people, raising your credit score takes time. It’s important to know why your credit score is low so that you can begin working towards building your credit.

Can I Raise My Credit Score 100 Points in 30 Days?

It’s not impossible for you to raise your credit score by 100 points in as little as 30 days. However, it’s likely improbable for most people. 

Why? For those who have a lot of derogatory marks (which require several rounds of disputing), longer credit history with multiple accounts that were poorly managed, and other issues in their credit report, it takes time to get your credit back in good standing. 

However, it may be possible if you have thin credit and no derogatories. If this is your situation, using some of the tips below will help you boost your score rapidly. 

• Develop a Greater Awareness of Your Credit Situation: Facing bad credit can be daunting, especially if you have a large amount of debt. But these issues aren’t going to go away if you ignore them. They’ll only grow bigger. Set aside some time to assess your financial situation, the reasons why your credit is bad, and the scope of the situation. 
• Create a Plan of Action: Tackling debt so you can get back on your feet (or addressing the other issues impacting your credit score) is your current priority. Once you know where you stand, create a plan of action that will help you address these issues quickly and effectively. There are plenty of tips and resources out there to take advantage of regardless of your individual situation. 
• Establish a System to Reduce Credit Problems in the Future: Ask yourself, how did your credit fall in the first place? Were you spending too much? Did you not plan ahead and face a major change in income? Now’s the time to establish systems that can help you avoid the situations you faced before that negatively affected your credit in the first place.

Here are some helpful tips to bring it up as quickly as possible. 

Dispute Any Inaccuracies on Your Credit Report

Your payment history makes up a massive 35% of your FICO credit score. 

For those who have slipped up and missed payments in the past, the only thing you’re likely able to do is to deal with it and make sure that you don’t miss any future payments. 

But some items in your report might not actually be a result of a mistake you made. Sometimes, a company may incorrectly report something to credit bureaus, lowering your score in the process. 

Take the time to review your credit report and see if there are any inconsistencies.

If you do happen to find any inconsistencies, reach out to the credit bureau where the mistake was reported as well as the business who reported the error and file a dispute. 

Keep in mind that disputing errors can take time, so you might not see changes in your credit score reflected immediately. 

Once they are, you should see a considerable change reflected in your credit score if you otherwise make on-time payments. Check credit scores regularly to make sure no inconsistencies impact your credit score in the future too.

Get Your Credit Utilization to Less Than 10%

The general rule of thumb in maintaining good credit is to use less than 30% of your available credit. But if you’re looking to skyrocket your credit, you’re going to need to keep your credit utilization below 10%. 

Fortunately, you have several ways you can achieve this. Here are some of the options at your disposal. 

Option 1: Pay Off Your Credit Card Bill

If you’re someone who follows the 30% rule, paying off credit cards can help you boost your score.

This will help clear all of your credit and get you back to zero. Then, focus on using your card sparingly or adjust your bills to where you’re only using one to nine percent of your available credit line. 

Using substantially less credit (if you’re engaging in other good credit habits) will result in major positive changes to your credit that are reflected almost immediately. 

Of course, this isn’t just advice that you should use if you need a short-term boost. Using less credit is a good strategy to follow if you’re aiming to get a perfect score or even if you plan on making a major investment, like purchasing a new home. 

Option 2: Get a New Credit Card

Applying for a new line of credit is going to naturally affect your credit. 

The first reason why this happens is because there’s a hard inquiry. This will have a brief impact on your credit, but you’ll quickly rebound if you’re staying on top of your credit and sticking to good habits. 

The second reason is that you’re opening a new credit account, which makes up 10% of your FICO credit score. Again, the impact here is rather minimal unless you’re opening a host of credit accounts at once, which can throw up red flags to lenders. 

So, why is this a good strategy if you want to lower your credit utilization? By getting a new credit card, you’re going to increase your available credit limit, automatically reducing the percentage of the credit that you’re using. 

If you’re strategic and you open the right account, you can quickly decrease your credit utilization. Then, you just have to be mindful of how much you’re using on each account so you don’t overextend yourself later on. 

Option 3: Request a Credit Limit Increase

You don’t necessarily have to open a new account to increase your available credit. 

In fact, you may be able to reduce your credit utilization with the same card you have now. How? Just reach out to your credit card company and see if you can request a credit limit increase. 

If you’ve been on top of your payments and you’ve been a customer for a fair amount of time, they just may consider it. A credit limit increase can be sizable as well, allowing you to spend more in the future without going over your credit utilization goals. 

If you don’t ask for it, you’ll never know if you could have a larger credit limit instead of having to apply for more cards. 

Amounts owed make up 30% of your FICO credit score. If you lower your credit utilization and make on-time payments, you’re in the clear. But if you’re using too