HERE ARE TEN TIPS THAT CAN HELP YOU BOOST YOUR CREDIT SCORE QUICKLY:

1. CHECK YOUR CREDIT REPORT FOR ACCURACY

If you find any inaccurate information, file a dispute.

The report should give you with instructions on how to do that. If you find you are not up for doing the task yourself, contact a credit repair company.

2. TRY TO GET YOUR CREDIT LIMIT INCREASED

If you don't have the extra money to get your balances down, try to get an increase on your credit limit. 

The amount of credit you are using will get cut in half. If you are able to do this, be sure not to use any of it..that will defeat the purpose.

3. APPLY FOR A NEW CREDIT CARD

The key with this one is to apply for a new card but do not use it for any purchases.

If you do not put any new purchases on your current credit cards as well as the new one, the overall amount of credit you are using will go down and your score may increase.​

4. TRY TO NEGOTIATE ANY REMAINING BALANCES

You can't erase that debt but you can help out your score by trying to settle some of your debt.

The key is to make sure you get them to send you something in writing. 

5. GET ADDED ON AS AN AUTHORIZED USER

This is a great option for giving your credit score a boost. The key is to make sure that the cardholder is making his/her payments on time each month and will continue to do so.

When you get added, the account will now be on your credit report.

Just make sure it is your name on the card. Your credit report will now show the main cardholder’s on-time payments etc.

6. USE A MIX OF CREDIT TYPES

Using different kinds of credit can make for a slight increase to your score.

As an example, taking out a small personal loan or purchasing new car on installments may help.

This of course should only be considered if you are sure you can make the payments and on time.

7. LEAVE OLD DEBT ON YOUR REPORT

If you have debt that has been paid off, like your home or your car do not  try to get it removed from your report.

This is considered good debt and is great for your credit.

The longer your history of good debt is, the better your score is. You should also stay away from closing any accounts that show a consistent payment record.

8. PAY YOUR BILLS ON TIME.

Your payment history – including the ones you pay late or skip altogether – makes up 35% of your FICO score.

If you’re absent-minded or merely overwhelmed, then  automate your payments.

9. IF YOU CAN, MAKE BI-MONTHLY PAYMENTS

If you have a limit of $1000 and a balance of $1000, it looks like you are using 100% of your available credit and that could hurt your score. The way to get around this is by making a payment at least twice a month.

Make one payment just before the statement closing date and second one right before the due date.

The first will likely reduce the balance that the credit bureaus see and the second makes sure you won’t pay interest or a late fee.

10. GET CURRENT ON PAST DUE ACCOUNTS

Past due credit accounts are a sure way to bring down your credit score. Start making payments now on any past due accounts and you will see a quick boost to your credit score after it has been noted on your credit report.

How quickly you can raise your credit score depends on why your score is the number that it is

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This is how i moved from 500 credit score to 871 Transunion score
QUICKEST WAYS TO RAISE YOUR SCORE

The quickest ways to raise your score include paying down debt and improving your debt-to-credit ratio, also known as your credit utilization.

Opening a new credit card without paying down any debt can improve your credit utilization.

Applying for a card can lower your score, but generally only by a few points.

Another way to raise your score quickly is to start making your payments on time. This will raise a score faster for a person with little credit history and no credit problems than it will for someone with a major credit problem.

Another way to quickly raise your score is to remove incorrect, negative information on your credit reports.

You can get free copies of your two reports  by going to the websites of the two main credit-reporting agencies in Canada, TransUnion and Equifax.

If you find negative information, follow the directions on the credit report for challenging the information and getting it removed.

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