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Increase Credit Scores – 4 Simple Hacks

10 min read


Credit scores are an important part of your financial life, as they determine how much you can borrow. The higher the score -the better! A Fico Score should be about 700 or more for good credit– though many people have them well over 800 now thanks to these simple techniques: maintaining a low amount outstanding on their card accounts every month; always making payments when due regardless of what day it falls on (don’t just put ’em off!) and finally, paying down any debt with the highest interest rates first so those debts don’t weigh heavy onto future applications.

What Makes Up Your Credit Score?

Perhaps you already know what makes up your credit score, but it’s worth mentioning. There are five major credit bureaus (the company’s that hold onto your personal data and financial history related to loans and other credit accounts) and they all use the Fair Isaac Corporation’s FICO scoring model. The factors break down as follows:

35%: Payment History -Are you paying back your debts on time? If so, this is a positive thing! Late payments (though recent ones can be removed) will hurt tremendously, however. In addition, if any debt has been sent to collections agencies- look out!

30%: Debt/Budgeting -How much of your available credit have you been using? It would be wiser to keep it at 20% or less, but going over 30% will decrease your score.

15%: Credit Utilization -The same as Debt/Budgeting, this refers to how much credit you have extended to you. If you never open new card accounts and keep adding to them, this factor won’t matter too much; also if the total available credit of all your cards is low (less than $1,500 or so) you shouldn’t really run into any trouble here.

10%: Length of History -How long has it been since you opened a card? The longer it’s been since opening a new account the better off you’ll be; more history means a higher chance that someone can track trends in payment and debt behavior (for example: did you use to be late but now you pay on time?).

10%: Type of Credit -This refers to what kinds of cards you have. If, for example, you only have store credit cards your score will suffer because they are looked at as low quality. However, if you have multiple types (and especially different issuers), this factor won’t matter too much.

The maximum number of points attainable using the FICO scoring model is 850.

It’s easy to have a low credit score. You can have a low score by default, be the victim of identity theft, miss a payment on a student loan or car note, or even just have an overdue bill!

However, if you’re looking to take out a loan– say, for example, for an upcoming vacation as summer draws closer — it will affect your borrowing power. In order to secure lower interest rates and save yourself some money in the long run, you’ll need to make sure your credit is up-to-date and squeaky clean. This will help increase credit scores quickly.

Fortunately, there are a number of ways to fix your credit.

How to Increase Your Credit Score Quickly

(+/- 100 point score increase)

Here you want to make sure your credit report is clean of any kind of questionable negative payment information. Most credit repair companies just are limited to simple credit challenges but there is much more than can be done to rectify negative information on your report. May they be collections, late payments, liens, judgments, tax liens, each can be addressed in a surgical manner using the appropriate tactics below:

A) An effective credit bureau dispute letter: Utilizing this approach, you can dispute items with each of the 3 credit bureaus. This method is primarily effective for any negative information that may have fallen behind about 4 years ago or longer.

B) Advanced collection settlement techniques: If you have recent collections on the credit report which are valid collections, these are not likely to come off with credit bureau disputes, hence you want to utilize a pay for delete technique to ensure removal of these accounts.

C) Direct creditor payment delay disputes: If there are recent late payments or charge-offs resulting from a final missed payment, you will have to engage the creditor directly in a strategic dispute to get them to remove the negative reporting of the tradeline.

D) Victims of Fraud and Identity Theft: There’s a special procedure to remove fraud-related items from the credit report.

(possible to increase credit scores up to 60 pts)

It is important that you pay down all your revolving account balances to a zero balance, but do not close these accounts. (i.e., keep them low and limits high). Leave only one card with around 2% of the entire credit limit open in order to make sure there are enough funds available for emergencies because this will help avoid any unnecessary fees or interest charges if something does go wrong!

(possible score increase up to 40 pts)

A) Minimize new accounts, do not open any credit accounts unless necessary or if you are looking to diversify your mix of credit accounts.

B) If you are transferring balances due to an offer from a new credit card company, a better strategy than getting a new credit card is to ask your current credit card lenders if they have any existing offers.

C) If you have closed some revolving accounts recently, a better strategy than opening up new accounts would be to call the lenders where you closed the account and see if they can re-open the same accounts and are able to keep the original open date.

(possible score increase up to 20 pts)

If your credit report is missing either an installment loan or a credit card, then opening up such an account will add to the diversity of your credit report.

Bonus Tips for Maintaining Healthy Credit Scores

1. Open a small credit line first before opening up higher limits. This will help establish your credit score which takes into account the length of time you have had credit accounts open.

2. If you have credit scores in the mid-600s or lower, get a secured credit card that can help you improve your credit score in 6 months or less. (Also check out these 6 easy ways to boost your credit score)

3. Take out a suitable credit line to match with the right income level for you. This allows you to optimally manage your credit line.

4. Make sure that the monthly payments are affordable for you so you do not pay unnecessary interest.

5. Get your credit score from all 3 credit bureaus, once a year to monitor any changes and correct them.

If you need professional assistance, book a free credit evaluation with our credit specialists.

Ali Zane – CEO & Founder Speaker

Ali is a credit repair advocate with nearly 20 years of experience providing his clients with high-level access to resources that resolve their credit problems. Ali became involved in the credit repair industry following his concern for a lack of ethical and effective credit repair services for consumers and mortgage lending professionals. He has written extensively on credit/finance and is a sought-after public speaker.

20 Comments. Leave new

  • So I closed 4 accounts a few months ago and I don’t have a credit score. What is going on ?

    • Hi Andrew, in order for FICO to score your report, there needs to be accounts that are active within the last 6 months. So if you close all your credit accounts and do not have any credit activity for 6 months, you will lose your score. However, if you open a new account then you’ll get your score back.

  • I’ve been working on fixing my credit profile to favorable after the carnage of my financial landscape left me climbing back to respectability after a long tumultuous Divorce process,some negative items unavoidable, some my own fault for being STUBBORN…..Even if you were to “just” study what Mr Zane has to say you will see he is different from the ” norm” in the Credit Repair Industry. He spent almost two hours on the phone verifying his experience and more so his expertise in the Industry. This was on a “Free” Credit Evaluation! Block out the people who want monthly “stipends” to pay their individuals commissions and just listen to Mr Zane evaluate your situation,no matter how dire it may seem. A true professional,Mr. Zane has a plan and when the time is right,he will strike using his skills,connections and expertise to help you as well. A great investment into your future IMO! Don’t waste more “good” money throwing it after “bad”, talk to Ali Zane to see for yourself the “truth” in what it truly takes to repair a negative credit profile. By studying what is written here first,then having a “no cost” consult will be the best thing for getting on the road to credit recovery! Thank you for your valuable time yesterday Mr Zane!

  • I have around a 580 mortgage Fico credit score what can I do to get my credit to 640 for FHA financing ? My credit utilization is about 50 % and I have numerous outstanding unpaid collections , no late payments or charge-offs though. Goal is to improve the credit to get a mortgage within the next 90 days

    • Hi Aaron, congrats on starting the process to purchase a home.
      So to get your Mortgage Fico Score ( Fico 5,4 and 2) up, bringing down your credit card utilization from 50% to close to 2 % will give you about 25 pts.
      Now a paid collections still affect your credit score negatively, paying off collections don’t increase the score, only deleting them does.
      So call the collection companies and offer to settle, only if they agree to delete the accounts from your reports.
      If they don’t agree to delete, then setup a free consult with me and I can help: https://www.imaxcredit.com/consultation/

  • JImmy Finney
    April 27, 2020 8:27 am

    my credit score decreased by 25 points due to a remark on my auto loan. the remark has been deleted since so will my credit score go back up 25 points?

    • Hi Jimmy, given that it was a recent late the score jump would be similar, however if it was an old late payment , the affect won’t be as much.

  • Hi Ali,

    Both Equifax and Transunion launched investigations of all of my accounts (both closed and open ones). I did not request this. I had no disputes with any of these accounts. Yet, both bureaus put remarks on all my accounts stating they are “Disputed”!! This has wreaked havoc with my FICO scores, as they both keep adding/removing remarks without my knowledge or permission. At one point, Equifax claimed that my mortgage account was closed! They keep altering my account information on their own without my permission!! How can I get them to stop?? I even filed complaints against both with the CFPB, and both responses did not acknowledge this issue. They are also deleting older accounts (again, without my permission), which has lowered my credit age from 28 years to 3 YEARS! This lowered my scores significantly. Why are they doing this when I never asked them to?? Can they mess with my accounts without my approval??

  • Great advice. I have 4 open credit cards, and my score is at a 680, would a new credit card help?

    • Hi Andre, a new card won’t help, however, if you were missing an installment account on your credit report, then opening one up may get you upto 10 points.

  • Brandi Stevenson
    August 18, 2018 6:33 pm

    Hello, I’m wondering how many open accounts should I carry on my credit report to have the highest score?

    • Hi Brandi, about 4-5 open accounts is opportune, any less would not be. More is fine as well, but too many new accounts being opened bring down the score until the accounts are seasoned.

  • Abigail Diamond
    June 3, 2018 3:43 pm

    Hi Ali, I do not have a credit score, how can I generate one asap without spending too much money ?

    • Hi Abigail, simply look into a secured credit card if you do not have any open accounts, once you may 6 payments on an open account you should have a score generated.

      Good luck !!

  • Paige Whisker
    April 17, 2018 10:21 pm

    Over the past few weeks, I have watched my score go down since I got a new credit card, but the balance is low on it, why did this happen ?

    • Hi Paige, sometimes if you open up a new account the score may go down due to the fact that your Fico score takes into consideration the “average age of open accounts” and this particular account decreased the “average age of open accounts” thereby lowering your score. However, time should take care of this. You can also close more recently opened accounts if you’re not using them, but do not close any old accounts that are increasing the “average age of open accounts”


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