{"id":4426,"date":"2022-10-14T19:27:10","date_gmt":"2022-10-14T19:27:10","guid":{"rendered":"https:\/\/creditrepairspecialist.ca\/?p=4426"},"modified":"2022-10-14T19:27:11","modified_gmt":"2022-10-14T19:27:11","slug":"raise-credit-score-200-points-in-30-days","status":"publish","type":"post","link":"https:\/\/creditrepairspecialist.ca\/raise-credit-score-200-points-in-30-days\/","title":{"rendered":"How Can I Raise My Credit Score By 200 Points In 30 Days?"},"content":{"rendered":"
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Need Help Fixing Your Credit?<\/h2>\n\n\n\n
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Book A FREE Call!<\/a><\/div>\n<\/div>\n\n\n\n
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Raising your credit score by 200 points in 30 days<\/strong> is an interesting challenge that almost sounds impossible.<\/p>\n\n\n\n

But is it really impossible or just a challenge that is very hard to achieve?<\/p>\n\n\n\n

In our opinion, it’s the latter.<\/p>\n\n\n\n

What Is A Credit Score?<\/h2>\n\n\n\n

Before we start diving into the actual question, we need to understand what a credit score is.<\/p>\n\n\n\n

A credit score is a number, usually between 300 and 900<\/a>, that is decided by a credit bureau and helps creditor determine if your “credit worthy”.<\/p>\n\n\n\n

The credit score is a result of a mathematical formula that basically quantifies how risky of a customer you are. That number is obtained by an in-depth analysis of your credit history, where the credit bureau stores all of the information related to your loans, credit cards, payment history, employment history, etc.<\/p>\n\n\n\n

Basically, every time that you use or pay your credit card, pay a phone bill or take out a loan, a signal is sent to the credit bureaus and this information is added to your credit history.<\/p>\n\n\n

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Need Help Fixing Your Credit?<\/h2>\n\n\n\n
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Book A FREE Call!<\/a><\/div>\n<\/div>\n\n\n\n
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How Can I Raise My Credit Score By 200 Points In 30 Days?<\/h2>\n\n\n\n

Here are a couple tricks that you can apply to your finances to raise your credit score by 200 points in 30 days (or more):<\/p>\n\n\n\n

1. Pay Your Bills On Time<\/h3>\n\n\n\n

This is probably the best way that you can get a big jump on your credit score.<\/p>\n\n\n\n

Paying your bills on time is a crucial part of your credit score. Why? Because by paying your bills on time, you’re showing to the future creditors that you will pay their invoices as well.<\/p>\n\n\n\n

What we recommend to never miss a payment, is setting up automatic payments for your recurring bills and always paying your credit card bills a couple days prior to the due date. If you’re currently paying your credit card statement on the due date, you risk of missing the payment date and incurring interests due to the processing time on your payment.<\/p>\n\n\n\n

Read more: Is It Worth Going To A Credit Repair Company?<\/a><\/em><\/p>\n\n\n\n

2. Have A Low Credit Utilization Rate<\/h3>\n\n\n\n

Credit bureaus take into account your credit utilization when calculating your credit score. Usually, a utilization rate of less than 30% is recommended for the ideal credit score.<\/p>\n\n\n\n

By a 30% credit utilization rate, we mean that if you have an open credit of 1000$, you must never use more than 300$ without paying off the balance. <\/p>\n\n\n\n

3. Make Sure To Keep An Eye On Your Credit History<\/h3>\n\n\n\n

Most people never open their credit report, don’t be like those people.<\/p>\n\n\n\n

If you never keep an eye on your credit history, you will maybe miss an error that could seriously affect your credit score. We’ve had countless testimonials where Canadians had a mistake on their credit history that was seriously affecting their credit score for years!<\/p>\n\n\n\n

You can request your credit history for free from all of the major credit bureaus at least once a year and if you find an error, feel free to contact them and so it can get corrected fast.<\/p>\n\n\n\n

4. Do Not Cancel Your Paid Credit Cards<\/h3>\n\n\n\n

Whenever you finally pay off that credit card that has been holding you back for the past couple of months or years, keep it instead of cancelling it.<\/p>\n\n\n\n

The older and lengthier your credit history is, the more creditworthy you seem to future creditors.<\/p>\n\n\n\n

5. Increase Your Credit Limit<\/h3>\n\n\n\n

If you can’t keep up with the 30% credit utilization, you can always increase your credit limit to attain it!<\/p>\n\n\n\n

Yes, it’s as easy as that.<\/p>\n\n\n\n

Let’s say you currently have a 50% utilization rate with a 500$ credit card, you can reduce that credit utilization rate down to 25% just by increasing your credit card limit to 1000$. <\/p>\n\n\n\n

6. Negotiate With Your Creditors<\/h3>\n\n\n\n

If you know that you won’t be able to pay a bill, contact the creditor as soon as possible and try to find a solution without them reporting the missed payment to a credit bureau. This could save you hundreds of points on your credit score.<\/p>\n\n\n

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Need Help Fixing Your Credit?<\/h2>\n\n\n\n
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Book A FREE Call!<\/a><\/div>\n<\/div>\n\n\n\n
<\/div>\n\n<\/div><\/div>\n\n\n
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Bottom line<\/h2>\n\n\n\n

Increasing your credit score is hard.<\/p>\n\n\n\n

As we learned in this article, there are tons of steps that you need to do before you can even start increasing your credit score.<\/p>\n\n\n\n

This is why some Canadians prefer to work with credit repair agencies to help them through those steps. If you’re interested in a completely free call with a credit repair specialist near you, click one of the many buttons on the page to book your free call in less than 20 seconds. <\/p>\n","protected":false},"excerpt":{"rendered":"

Need Help Fixing Your Credit? Raising your credit score by 200 points in 30 days is an interesting challenge that almost sounds impossible. But is it really impossible or just a challenge that is very hard to achieve? In our opinion, it’s the latter. What Is A Credit Score? Before we start diving into the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[6,11,12,8],"class_list":["post-4426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-repair","tag-credit-repair","tag-how-can-i-raise-my-credit-score-by-200-points-in-30-days","tag-increase-credit-score","tag-rebuild-my-credit","resize-featured-image"],"_links":{"self":[{"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/posts\/4426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/comments?post=4426"}],"version-history":[{"count":16,"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/posts\/4426\/revisions"}],"predecessor-version":[{"id":4500,"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/posts\/4426\/revisions\/4500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/media\/4499"}],"wp:attachment":[{"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/media?parent=4426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/categories?post=4426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/creditrepairspecialist.ca\/wp-json\/wp\/v2\/tags?post=4426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}