How to Increase Credit Score Quickly

January 3, 2024 | 5 min read

Credit Saint

Written By:

Credit Saint

Ashley Davison

Reviewed By:

Ashley Davison

Reconstructing your credit score efficiently might seem challenging, but with the right strategies, it’s possible to see significant improvements in a relatively short period. A low credit score, especially in the “fair” or “bad” range, often has more room for rapid enhancement, potentially allowing you to add up to 100 points fairly quickly.

Here are 9 effective methods to improve your credit score fast:

1. Strategic Payment of Credit Card Balances

Managing your credit utilization, which is the percentage of your credit limits in use, is crucial. Aim to use under 30% of your limits, though the lower, the better. The timing of your payments can also be important, as you want a low balance reported to credit bureaus. Frequent payments can help maintain a low balance.

  • Impact: This has a significant influence on your credit score, as credit utilization is a major factor.
  • Effort: Setting reminders and making regular payments require a low to medium time investment.
  • How Fast It Could Work: This strategy can have a swift effect. Once a lower balance is reported, your credit score can improve quickly.

2. Request Higher Credit Limits

Increasing your credit limits while keeping your balances steady can immediately lower your credit utilization ratio. This tactic is particularly effective if your income has increased or your credit history has improved.

  • Impact: Highly effective, as it directly affects your credit utilization ratio.
  • Effort: Generally low, as it involves a simple request to your credit card issuer.
  • How Fast It Could Work: The impact can be immediate, as soon as the new limit is reported and if the increased credit is not utilized.

3. Become an Authorized User

Being added as an authorized user on a well-managed credit card can positively impact your credit score. This method works best for those with new or limited credit histories.

  • Impact: Potentially high, especially for those with limited credit history.
  • Effort: Low to medium, depending on the discussions and arrangements with the primary account holder.
  • How Fast It Could Work: Rapidly effective, as the account’s positive history is quickly added to your credit report.

4. Timely Bill Payments

Consistent on-time payments are vital for credit improvement. Late payments can significantly harm your credit score, so it’s important to address any missed payments promptly.

  • Impact: Extremely influential, as payment history is the most significant factor in credit scoring models.
  • Effort: Low, especially with automated payments or reminders.
  • How Fast It Could Work: This can vary; consistent on-time payments gradually build a positive history over time.

5. Dispute Credit Report Errors

Regularly check your credit reports for errors and dispute any inaccuracies. This can lead to a quick improvement in your credit score if corrections are made.

  • Impact: Can be very high if significant errors are corrected.
  • Effort: Medium to high, as it involves obtaining reports, identifying errors, and following up on disputes.
  • How Fast It Could Work: This can vary. Credit bureaus typically have 30 days to investigate disputes.

6. Address Collections Accounts

Dealing with collections accounts can have a varied impact on your credit score. Paying off such accounts and negotiating with creditors can help, especially with newer credit scoring models.

  • Impact: Varies depending on the response of the collection agency and the credit scoring model used.
  • Effort: Medium, involving reviewing credit reports and negotiating with creditors.
  • How Fast It Could Work: Moderately quick, especially with newer credit scoring models that may disregard paid collections.

7. Utilize a Secured Credit Card

For those new to credit or looking to rebuild, secured credit cards can be a practical option. They require a deposit and can help build a positive credit history through regular payments.

  • Impact: Varies, most beneficial for those new to credit or rebuilding credit.
  • Effort: Medium, as it involves selecting the right card and managing it responsibly.
  • How Fast It Could Work: This takes several months, as it’s about building a consistent payment history.

8. Get Credit for Rent and Utility Payments

Using rent-reporting services or Experian Boost can add your rent and utility payments to your credit report, potentially improving your score.

  • Impact: Varies. Significant if rent and utility payments are a large part of your financial activity.
  • Effort: Low, primarily during the setup phase.
  • How Fast It Could Work: Immediate for some services like Experian Boost, but building a history of on-time payments can take months.

9. Diversify Your Credit Mix

Adding different types of credit, like loans if you only have credit cards, can improve your credit score. This strategy is particularly beneficial for those with limited credit diversity.

  • Impact: Varies, but can be particularly effective for those with a limited range of credit types.
  • Effort: Medium, as it involves researching and applying for new credit types.
  • How Fast It Could Work: Relatively fast, as new accounts are reported and start contributing to your credit mix.

Frequently Asked Questions

  • How quickly can I see changes in my credit score?
    The speed of improvement depends on the method used. Some strategies, like lowering credit utilization or becoming an authorized user, can have immediate effects. Others, like building a history of on-time payments, take longer.
  • Is raising credit score by 100 points feasible?
    Those with lower scores are more likely to see substantial gains swiftly. According to Rod Griffin, Experian’s Senior Director of Public Education and Advocacy, individuals with lower scores have more potential for a significant increase, including up to 100 points.
  • Are there any risks to these strategies?
    Yes, certain strategies come with risks. For example, increasing credit limits or becoming an authorized user could lead to overspending if not managed carefully.
  • How often should I check my credit report?
    It’s advisable to check your credit report at least annually. Regular checks can help you spot errors or potential fraud early.
  • Can small changes really impact my credit score?
    Absolutely. Even small adjustments, like reducing your credit utilization or correcting a single error on your report, can make a notable difference in your credit score.
  • Is it possible to rebuild credit after major financial setbacks?
    Yes, rebuilding credit is possible even after significant setbacks. It requires consistent effort and careful financial management, but improvement is achievable over time.

Bottom Line

Understanding how to increase your credit score quickly is a valuable skill in navigating your financial health. By thoughtfully applying these nine strategies, you could potentially improve your credit rating in a relatively short period.

However, it’s important to remember that while some methods may yield fast results, true credit health is achieved through consistent, responsible financial behavior. Embrace these techniques as part of a broader approach to financial wellness, and you’ll not only see your credit score rise but also gain greater control over your financial future.

Ashley Davison

Reviewed By:

Ashley Davison


Ashley is currently the Chief Compliance Officer for Credit Saint, previously the Chief Operating Officer. Ashley got into the Financial world by working as a Logistics Coordinator at Ernst & Young. Coming from a previous career in education, she is eager to teach the world everything she knows and learn everything that she doesn’t! Ashley is a FICO® certified professional, a Board Certified Credit Consultant, a Certified Credit Score Consultant with the Credit Consultants Association of America, UDAAP certified, and holds a Fair Credit Reporting Act (FCRA) Compliance Certificate.