CREDIT SCORE: How to get from 750 to 800 and Above

Credit scores are incredibly important when it comes to borrowing money and securing loans. A good credit score can be the difference between being accepted for a loan and being refused. So, it’s understandable that people want to increase their credit score as much as possible.

A credit score of 800 is considered to be excellent and will open up a range of borrowing opportunities. So, if you’re looking to raise your credit score to 800, here’s what you need to do:

1. Check your credit score

The first step to improving your credit score is to check it. Credit scores are held by credit reference agencies and you can access them online or through specialist companies. It’s important to check your credit score regularly so that you can stay on top of any changes and take action if you see your score declining.

2. Pay your bills on time

Paying your bills on time is one of the best ways to boost your credit score. Late payments will have a negative effect on your score, so make sure that you pay your bills in full and on time.

3. Reduce your credit utilization ratio

Your credit utilization ratio is the amount of credit you’re using compared to the amount of credit you have available. It’s important to keep this ratio as low as possible, as a high ratio can have a negative effect on your score.

4. Dispute any errors on your credit report

It’s not uncommon for errors to appear on credit reports, and these can have a negative effect on your score. If you spot any errors, contact the relevant credit reference agency and dispute them. This can help to improve your score.

5. Consider getting a secured credit card

Secured credit cards are designed for people with poor credit scores. They require a deposit, which is used to secure the credit limit. They are a great way to rebuild your score, as long as you make all your payments on time.

6. Don’t apply for too much credit

Applying for too much credit can have a negative effect on your score. Make sure that you only apply for credit when you really need it, and always make sure that you can afford the repayments.

7. Don’t close any unused credit cards

Closing an unused credit card can have a negative effect on your score, so avoid doing this. Instead, keep the card open and pay off the balance in full each month.

8. Monitor your credit score

Finally, it’s important to keep an eye on your credit score. Check your score regularly and take steps to improve it if necessary.

Key Points

• Check your credit score
• Pay your bills on time
• Reduce your credit utilization ratio
• Dispute any errors on your credit report
• Consider getting a secured credit card
• Don’t apply for too much credit
• Don’t close any unused credit cards
• Monitor your credit score

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How to raise your credit score beyond 750 and head for 800 and above.
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CREDIT SCORE: How to get from 750 to 800 and Above

ByRobert Dunfee