The 5 Easiest Ways to Increase Your Credit Score

Having a good credit score is, in many ways, essential to having a balanced financial situation. It shows banks and credit companies that you are able to keep your finances under control and that you are trustworthy enough to get a loan whenever you need it. However, your credit score needs to be built up over time, and this is often more difficult than it seems.

Depending on where you live and what your occupation is, you may be stuck using credit cards just to get from one month to the next, or to make your mortgage payments on time. Unfortunately, using credit cards, missing your monthly payments even by one day, or taking payday advances too often can put a dent in your score and make it difficult to get a large loan when you need it the most.

This having been said, there are a few things that you can do to raise your credit score without making any considerable sacrifices in terms of financial resources. Here are 5 easy methods that you can use to build up your credit score:

Close any accounts that you do not use

Get rid of any credit cards that you do not use on a regular basis. Having a large amount of unused credit can make creditors think that you need it in order to survive from one month to another. The rule of thumb is to only keep one or two credit cards, at most.

Use online lending services instead of payday advances

There are hundreds of online lending services that you can use to get short-term loans for when you buy electronics or need to pay for medical services. These do not perform credit score checks and do not report their transactions to credit score registers, which means that they can be used as a credit card alternative.

Furthermore, most services are able to process loan requests in under 24 hours and transfer you the money instantly after approving the transaction, making them almost as reliable as banks.

Clean up your credit report

Use a platform such as AnualCreditReport to request a free credit report from each of the main US credit registers. These are:

  • Equifax;
  • Experian;
  • TransUnion;

You can legally request one of these, for free, each year, which means that you only have to clean up your credit report every 12 months. Once you get the report, print it and read it thoroughly. The goal here is to identify any standing debts that you have (late payments, unpaid bills, etc.) and to pay them.

Pay off your credit cards every 15 days

Most individuals tend to pay off their credit cards every two months. While this is not extremely damaging to your credit score, it will slowly chip away at it and keep it from increasing. This is because the rate at which you pay back the money helps creditors create a financial profile that they will look at when deciding how much money you can borrow.

Make a habit out of paying off your credit cards every 15 days in order to see a fast improvement of your credit score.

Raise your credit card limit

This is more of a technical solution of raising your credit score, however, it is easy to do and the results are great. If you have a credit card that is maxed out at $1000, you can call the company and ask for a limit increase. Most creditors will agree to increase your credit limit instantly, without any other modifications to the terms and conditions.

The idea is to double the credit card limit to lower the overall credit percentage that you’re using. In other words, if you have a credit card that is maxed out at $1000, you’re using 100% of the credit that has been given to you. Once you raise the limit to $2000, you will only be using 50% of the credit.

Keep in mind that for this method to work, you will have to refrain from using the rest of the credit once you raise the limit on your card.


Use these methods and you should be able to increase your credit score fairly quickly. However, remember that the best way to have a good credit score is to constantly look at ways to pay your debts on time and to use your credit cards as little as possible.

Where possible, try to use online services to borrow money when you make larger purchases. It is better to borrow the money from one of these platforms than to charge it to your credit card because online lending platforms do not report transactions that are under $1000 to any credit core registers. Furthermore, most will never even perform a score check to determine if you are eligible or not for their services.

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How to Get a Loan If You’ve Got Bad Credit Score and Need Money Urgently

Maintaining a good credit score and working to constantly build it up can be extremely difficult, especially during periods of time when the economy is unstable. As the job market becomes more complex, more and more companies start firing and hiring people on a whim, which makes using credit almost inevitable.

Depending on how much you use your credit cards, or how often you miss monthly payments for the money that you borrow from banks, your credit score can go down considerably. Building it up again can take months, if not years, and sometimes you may just need a few hundred dollars in order to pay your mortgage or to get pharmaceuticals that a family member needs.

Most banks do offer payday advances, however, these come with a large number of taxes and charges that quickly add up and can lead to you paying much more than what you bargained for, on top of lowering your credit score.

Use an online platform and get a short-term loan in under 24 hours

If you can’t go to the bank in order to borrow the money that you need or simply do not want to spend countless hours going to meetings in order to explain that you need the money urgently, there is always the option of using online lending platforms.

These are basically websites that work more or less similar to banks, with the exception that they will process your loan request in a very short time.

Generally speaking, the smaller the amount of money that you borrow, the faster your request will be approved. This is because the evaluation process of these platforms is designed to assess risk. If you only need to borrow a few hundred dollars, for 30 days, the risk is minimal and you should receive the money in well under 24 hours.

You don’t have to pass a credit score check if you borrow less than $1000

The best part of using online money lending platforms is the fact that they do not perform credit score checks if you want to borrow a small amount of money. While they may require you to submit this information as part of your loan request, it will only be used for marketing purposes, in order to develop the services for future users.

Keep in mind that most platforms will not perform these checks only if you borrow a small amount of money, and for a short time. Typically, if you borrow over $1000, for more than a couple of months, you will either have to have a good credit score or provide the creditors with documents that show the fact that you will be able to pay back the money on time.

Lending money using online services won’t affect your credit score

If you are having a hard time managing your finances and need an easy way to borrow money regularly, you should be able to do so safely, without worrying that it will affect your credit score. Most online money ending platforms do not report these transactions to credit score registers. This means that no matter how often you borrow money using these services if you pay it back on time, your credit score will not be affected.

In some respects, they can be great alternatives to credit cards, as long as you do not need money on the spot.

Borrow up to $5000 dollars or more by submitting a few financial documents

If you need to borrow a larger amount of money, you may also be required to submit bank statements that prove that you have a large enough source of income in order to pay the money back, along with a copy of your work contract or a recommendation from your employer. This is meant to show that you have a stable job.

This having been said, keep in mind that in some cases, especially if you need to borrow large amounts of money for periods that are greater than 24 months, you will also have to pass a credit score check.


Not having who to ask for a loan, especially when you’ve got a bad credit score and little time to improve it can be difficult. However, online lending platforms do not perform credit checks, and they process loan requests a lot faster than banks.

All online lending platforms are heavily regulated by the US government, which means that all your personal and financial data will be safe. Furthermore, once you agree to the terms and conditions of a platform and take out a loan, the agreement will be followed to the letter.

If you need money fast and can’t go to the bank, you will be able to get a loan without even having to leave the house.

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