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Fin Shorts| April 15, 2025
5 Smart Actions to Raise Your Credit Score Quickly
Pay Your Bills On Time
Late payments significantly impact your credit score. Set up reminders to ensure timely payments.
Reduce Credit Utilization
Use less than 30% of your available credit limit to improve your score. Higher utilization can lower your score.
Suggested Read: 10 Tips to Improve Your 300 Credit Score?
Clear Any Outstanding Debts
Pay off any existing loans or credit card balances to reduce your debt-to-income ratio.
Avoid Opening New Credit Accounts
New credit inquiries can hurt your score. Only apply for credit when absolutely necessary.
Monitor Your Credit Report
Regularly check your credit report for errors or discrepancies. If found, dispute them immediately.
Suggested Read: Quick Tips for Boosting Your CIBIL Score
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