How To Increase Your Credit Score 40 Points In 10 Days

You may want to increase your credit score quickly for several reasons. Maybe you want to take out a personal loan to cover bills, make home improvements, or consolidate debt, but your current score is too low to qualify. Maybe you want to get approved for a mortgage to buy a home so you can stop renting.

Maybe you need to rent a place, but your current score is so low that you fear no landlord will accept you. Or maybe you have a big job interview coming up, and you know your prospective employer will run a credit check because your possible position will involve handling money.

Regardless of why you may need a quick credit score boost, here are several ways to get it, including one move that could boost it by 40 points in the next 10 days.

How To Get A 40-Point Credit Score Boost In 10 Days

A 2019 report from the Credit Builders Alliance found that “rent reporting” was a great way to increase someone’s credit score. In fact, they found that rent reporting was an ideal method for people with low credit scores to boost their profiles significantly. Approximately 80 percent of people saw increases in their credit scores once their rental payments were reported, with the average score going up by 23 points.

While many people fail to get on-time rent payments factored into their credit score, you can change that by making one simple move: Hire a service like RentReporters to get the job done for you.

The three credit reporting bureaus won’t record your on-time rent payments automatically. And unfortunately, most landlords won’t report these payments either. Get a service like RentReporters to send a record of your on-time payments to the three bureaus, and they will include them in their reports and profiles. What can this do? Strengthen your credit history by showing you make on-time payments to your landlord, which can increase your score.

Is RentReporters the only service of its kind? No, but you may want to consider it since the company claims it can boost the average user’s credit score by 40 points in 10 days. Start shopping around for rent reporting services like RentReporters, and you may find some that will also report your on-time utility payments, strengthening your credit score even more.

Other Ways To Boost Your Credit Score

Besides rent reporting, here are other tips you can follow to get a credit score boost:

• Always make on-time payments since such history makes up 35 percent of your credit score.
• If possible, pay down as much credit card debt as possible to lower your credit utilization ratio, which makes up 30 percent of your score.
• Open a new credit card or ask for an increase on your current cards to improve your credit utilization ratio.
• Check your free credit report for any errors and report them immediately so you can get the score you deserve.