5 Ways to Improve Your Credit Score

Your credit score is a big deal

Marc Guberti
5 min readOct 31, 2022


Your credit score is one of the most important financial numbers that impacts your opportunities and expenses. A high credit score will help you get better loans, increase your odds of getting your tenant application approved, and minimize your monthly expenses. Some employers will even review your credit report before hiring you. A bad credit score indicates difficulty with managing current financial obligations and lost job opportunities. If a credit score prevents you from qualifying for a high enough mortgage, it can impact where you live, a factor that can shape your entire life.

It’s impossible to overemphasize the importance of a credit score. Raising your score can help you secure higher loan amounts and lower interest rates, and it explains why many people meticulously track their scores. If you want to prop up your score before applying for a loan, rental occupancy, or a similar opportunity, use these strategies to improve your score.

1. Pay Your Debt On Time

Payment history is the largest contributor to your credit score. It makes up 35% of the total score and ripples into other key categories. Most people will have a great credit score if they never take on more than they can chew.

It’s a common phenomenon to increase your spending as your income increases. This lifestyle inflation can amplify your debt and make it more difficult to pay off expenses.

Most credit building strategies revolve around paying your debt on time. That’s the end goal for most strategies. Checking your expenses for the first time can change your life as you discover unnecessary costs. You may feel inspired to get movies from your local library instead of paying for numerous streaming subscriptions.

2. Don’t Stop at the Minimum Payment

Credit card companies will give you their blessing if you make the minimum payment. Your payment history will improve, but stopping at the minimum payments creates a bubble for your personal finances. Your credit card’s high interest rate will cause your debt to snowball quickly. Furthermore, credit cards have variable interest rates instead of fixed rates. That means your rate…



Marc Guberti

Personal finance freelance writer -- I write articles for clients on finance, digital marketing, and other topics