How Can I Raise My Credit Score Fast?

The best way to raise your credit score fast is to diversify your approach. Instead of just getting a credit builder loan, or just signing up for rent reporting, do both. Each of these apps/services helps you build credit in a slightly different way. So, by using multiple apps/services, you can see a bigger increase in your credit score faster. And, by opening these new accounts at the same time, the temporary decrease to your score caused by opening new credit lines, will be minimized. Just remember to manage these accounts responsibly as even one late payment can kill your chances of achieving better credit.

Which Credit Building App is Best?

No one credit building app is the best. This is because each credit report is unique. Your credit profile and credit building needs will dictate which app/service is best for you. For instance, if you have no credit history, but you have made on-time rent and utility payments, then either BoomPay or Experian BOOST™ may be best for your situation. On the other hand, if your low credit score is due to a poor mix of credit, then using CreditStrong’s credit-builder account or Self’s secured loan and secured credit card combo, might be a better move.

How Much of an Increase Can I Expect After Using These Apps?

Generally speaking, you can expect your credit score to increase from anywhere between 5 points to over 100 points. The amount you can expect your credit score to increase varies based on the service you have chosen and the current state of your credit. Each app or service offers its own anecdotal claims on how much their customers have seen their credit scores increase: 1. BoomPay - 5 to 100 points 2. Extra - 20+ points (based on customer testimonials) 3. CreditStrong - 75 average within 9 months 4. Self - 32 points for just the credit builder loan 5. Credit Karma - doesn’t directly impact your credit score 6. MyFICO - doesn’t directly impact your credit score 7. Experian BOOST™ - 13 point average

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