Not sure if this counts, but this is the endgame. Multiple mistakes along the way, but 20 years in the making and 11 points away from perfect! Having no reason to hit 850, I still can’t wait to get there. : debtfree


Never cancel a credit card. The average repayment term is 15% of your score and is easy to maintain. Even that old card you got when you were 18 with an annual fee of $ 100? Keep it. Just pay your phone bill with it. You won’t notice that your phone bill is $ 8 more per month. Just never cancel a card. Spend what you need to keep them active and pay them off monthly.

Diversify. Combine rotating lines of credit (credit cards) and fixed lines (mortgage, car payments). I was buying a house and needed fixed plumbing, so I bought some furniture on credit instead of paying in cash. Cost me a bit more but gave me a credit score boost when I got a mortgage loan. If you can afford it and need a bump, do this. Or take out a personal loan from your bank. Introduce the money and pay it back with some interest. If you are about to make a major purchase and want to increase your score upfront, it will be worth the money in the long run.

Use of credit. This was the easiest one that I learned way too late. This accounts for 30% of your credit score. Limit of $ 10,000; Are you betting $ 2,000 a month? 20% occupancy. Pay off every month? Great. Better to pay off 95% a few days before the end of the cycle. The reporting agencies base their reports on your posted invoices. So if you withdraw your credit card before the statement is published, it would appear that you are using a very small percentage of your available limit. Took 750-780 in a couple of months and didn’t spend more money than before.

With that in mind: increase your line of credit. Regularly ask about increases in your credit cards. It is far better to have 50,000 credits than 10,000. Just don’t use it.

Aside from the obvious fact that you only charge what you can pay for and only use cards for bills that you will pay anyway, these things feel like hacks that will boost your score beyond just managing credit responsibly and require little work and little money. The investment pays off when you want a lower rate on a larger purchase.