Not everyone has perfect credit. We’ve all missed a payment or two, or been a little late with the rent. But, if you’re trying to restore your credit in order to make a big purchase (or qualify for a big loan—like a mortgage) there are steps you can take that will boost your score in a matter of days.
Here are the “Fast Five” ways to improve your credit, from Ginger at Pounds to Pockets:
Reduce your credit card balance – Pay down your outstanding balance to below 50 percent of the credit line.
Pay Off Smaller Debts Now – This reduces your debt to income ratio and increases cash flow.
Check Your Credit Report – Check to make sure that there are no incorrect late payments as this can cause your score to drop.
Avoid Debt – If you are trying to get a loan, the last thing you want are new purchases added to your charge accounts.