Learn 10 Unusual Ways to Raise Your Credit Score

  1. Avoid pre-approved offers. The pre-approved offers that come in the mail usually require a credit check, and multiple credit checks affect your credit score by lowering it.
  • It’s also beneficial to avoid creating too many accounts. It’s easier to manage a smaller number, so you’re less likely to make mistakes
  1. Avoid new utility accounts. Utilities like gas, electricity, and phone services require credit checks that lower scores. It’s better to transfer utilities to a new address instead of opening new ones.
  2. Remember library fines. Did you return all of your library books? Unpaid fines can decrease your credit score, and libraries can send unpaid bills to collection agencies.
  3. Avoid online quote comparisons. Online quotes for insurance or loans count as inquiries on your credit score. These credit checks affect the score each time you ask for a quote.
  • Getting quotes from multiple websites can lead to many credit checks. It’s best to narrow down the options before getting a quote, so your score isn’t affected.
  1. Establish long-term credit. Instead of switching to a new company that promises lower rates for a few months, consider staying with the previous one.
  • Credit scores go up based on positive, long-term relationships with lenders.
  • It may be tempting to take the lower credit card offer from another company to move balances, but your score may suffer.
 
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