#how to find your credit score for free

#How To Improve My Credit Score Fast

Do you need to improve your credit score by 10, 20 or 30+ points?

Well, the good news is you’ve come to the right place for some answers and proven steps to improve your credit score in as little as 45 days.

While these strategies are nothing new or revolutionary the fact is they work and have proven to work over and over again if done properly.

So let’s get right to it.

Improve Debt to Credit Utilization – As you know the amount that you owe on individual accounts and the amount you owe overall impact 30% of your credit score (FICO® Score). It’s defined as your total credit card balances divided by your credit card limits.

The key is to leverage your credit usage ratio to your advantage by keeping your overall and individual revolving credit card balances below 30% (ideally 1-20%) of the credit limits.

Did you know the highest credit scores in the country maintain a 1-20% debt to credit utilization? According to FICO ®, the average credit usage ratio of a person with an 800+ credit score is 7%.

So if your credit card balances are 50%, you need to pay down your balances to 20% or lower. By doing this you will see a significant boost in your scores rather quickly. In some cases this may be simply transferring a portion of your card balance from one card to another, so each card meets this debt to credit ratio individually.

Add Positive Payment History – Now I know you’re probably wondering how can someone add payment history fast?  Well I’m glad you asked, because being added as a legitimate authorized user has been a sure fire strategy for improving a credit score fast .

You can literally piggyback on someone else’s positive credit history with this strategy but it must be done properly for it to work. The fact is FICO® estimates that 50 million consumers are ‘legitimate’ authorized users on someone else’s credit card, obviously this strategy works.

The best part is there is no impact to the primary cardholder for adding you as an authorized user. What do you think adding 5+ years of positive payment history on your credit reports would do to your credit scores?

Improve Payment Histor y – When I mention repairing your credit as a fast way to improve your credit score most people think of credit repair as being a long term solution and miss out on the potential benefits it may provide in less than 45 days.

With derogatory items (Payment History) accounting for 35% of your credit score, repairing your credit reports should definitely be part of your strategy.

For example, let’s say you have several late payments, a collection, and a charge off on your credit reports. You start the credit restoration process and in the first cycle (45 days) the collection is deleted from your report. Although you still have the charge off and late payments remaining that one deletion may improve your credit score .

These are just a few ways to improve your credit score fast so you can obtain the credit you need at a much more favorable interest rate.

For step by step instructions on how to leverage your credit usage ratios, become an authorized user and repairing your credit, submit your name and email below to receive my FREE course ‘7 Steps to Superior Credit’ and Credit Optimization newsletter ($497 value) =

To Your Success In Business and in Life!

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About the author

Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in Fox Small Business ,'American Express Small Business , Business Week , The Washington Post , The San Francisco Tribune ,‘Alltop’, and ‘Entrepreneur Connect’. You can also find Marco on Google+ .